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3.29 Bitcoin midday analysis
The BTC range has been clearly defined. Yesterday's low was 66,087, and the high was 67,275. Buying momentum was weak, with passive absorption and no active offensive energy.
The current market remains in a weak, oscillating bearish trend. Any rebound is an opportunity to short at higher levels; do not expect a strong reversal. Geopolitical risks continue to escalate, and oil prices are likely to continue rising on Monday, further suppressing risk assets. The approach remains unchanged: firmly follow the trend and short.
Today’s midday strategy:
BTC: Gradually build short positions around 67,300-67,800,
Target around 66,000