Market Analysis for the Morning of March 6

Based on the 15-minute Bollinger Bands, the current market is near the lower band, facing downward pressure, with an overall sideways trend:

Bollinger Band Indicator: The middle band is around 71,042, the upper band at 71,480, and the lower band at 70,604. The price has broken below the middle band and is approaching the lower band, with short-term momentum clearly releasing.

After spiking to 71,595 in the early hours and then pulling back, the price has recently dipped to a low of 70,343, breaking below the 71,000 psychological level. Support levels are initially at the 70,300-70,500 range. If further downward movement occurs, it could open up more significant downside space.

The candlesticks are consecutively closing bearish, and the price is close to the lower band, indicating strong short-term selling pressure, limited rebound strength, and a more favorable outlook for short positions.

Prioritize riding the trend; rebounds are opportunities for positioning.
For short positions: Enter in stages when the price rebounds to the 72,000-72,500 range, targeting 70,500-70,000 → 68,000.

For long positions: If the price stabilizes around 70,300, consider light positions to catch rebounds, with targets at 72,500-74,000.
Currently, the trend favors short positions. Avoid going against the trend to buy dips, focus on shorting during rebounds, and strictly control position sizes and stop-losses. #比特币创下近一月内新高 #美伊局势影响