Bitcoin Market Update (March 12)

As of 18:40, BTC is approximately $70,400, with a 24-hour range of $68,978–$71,321, trading within a narrow fluctuation. The daily chart shows three consecutive green candles but with diminishing gains, the 4-hour MACD indicates a death cross, and the hourly chart is oscillating between $69,500 and $71,150. There is obvious selling pressure above $71,500, and key support is at $69,000. CPI data will be released tonight, leading the market to remain cautious, with increased volatility between bulls and bears.

Trading Strategy (Short-term, Light Positions):
- Long: Enter a long position if the price retraces to and stabilizes around $69,000–$69,300, with a stop loss at $68,500, and target $70,500–$71,000.
- Short: Enter a short position if the price rebounds to $71,000–$71,500 and faces resistance, with a stop loss at $72,000, and target $69,500–$69,000.

⚠ The above information is for reference only and does not constitute investment advice. #原油价格上涨 $BTC