On the morning of March 25, BTC maintained narrow consolidation below $71,000, with short-term showing an oscillatory pullback structure. Following yesterday's rally and pullback, market sentiment is cautious, with increased competition between long and short positions at key support levels.

On the 4-hour cycle, price action is running at the end of a standard converging triangle: the lower support has been gradually rising from 67,307, the upper resistance has been progressively narrowing from 74,771, and the current price is approaching the triangle's upper resistance zone, about to enter the critical point for directional choice.

**Operating Strategy**

**Short**: If there is resistance on a rebound to 71,500-72,000 range, enter a short position with light position size, set stop loss above 72,500, target 69,800.

**Long**: If there is stabilization on a pullback to 69,500-70,000 range, enter a long position with light position size, set stop loss below 69,500, target 71,500.