New week, new market, new layout window for price action. Currently, bullish momentum on the chart is gradually recovering. Price is maintaining high-level oscillation and consolidation. Upward key resistance remains strong. In the short term, there are no conditions for a strong breakout yet. It's more prudent to adopt a range-bound trading approach.
• Core support below focuses on 71000–72000 area. When price touches this zone, closely observe stabilization signals. If support holds, can scale in long positions in batches, steady entry, risk control first.
3.16 Monday Bitcoin Morning Silk Road
New week, new market, new layout window for price action.
Currently, bullish momentum on the chart is gradually recovering. Price is maintaining high-level oscillation and consolidation. Upward key resistance remains strong. In the short term, there are no conditions for a strong breakout yet. It's more prudent to adopt a range-bound trading approach.
Today's operation continues yesterday's rebound long strategy: don't chase highs, defend support, catch waves:
• Core support below focuses on 71000–72000 area. When price touches this zone, closely observe stabilization signals. If support holds, can scale in long positions in batches, steady entry, risk control first.
• Resistance above targets 74000 round number level. If the upward push weakens and faces obvious pressure, can follow the trend to catch pullbacks and take profits.
If it breaks through effectively, upside space will further open up
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