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3.10 Tuesday Mu Feng Morning Market Analysis
Bitcoin surged early this morning to 69500 and faced resistance, then pulled back. Currently, it is consolidating around 68600. The daily chart remains in a range-bound oscillation, with bulls and bears repeatedly tugging, showing no clear trend.
The short-term rebound lacks strength, with clear resistance at higher levels. The hourly chart shows oscillation without continuation, and there is significant selling pressure above! It is recommended to short on rebounds and avoid chasing rallies.
Bitcoin: 69000–69500 sell in batches, target 67500–65000