2026-03-20 07:05:53

3.20 Friday Afternoon BTC Analysis: Weak Rebound, Short Bias

Short-term consolidation pattern maintained, short-term resistance at 71,000

On the 4-hour chart, after the decline, there's a minor rebound in the short term, but it failed to continue the trend. Currently, the price is moving in a range formation.

On the hourly chart, BTC tested support at 68,700, then oscillated between bulls and bears, moving upward, currently facing pressure at the upper band.

Combining the 4-hour and hourly charts, rebound momentum is weak and has not met reversal conditions. Remain short in the afternoon.

For afternoon BTC trading reference, consider shorting around 705-710, watch 690-680 below, break that level and target 660 directly. $BTC

BTC0,45%

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