3.6 Friday, Bitcoin continues its short-term correction and remains bullish

Recently, Bitcoin experienced a strong rally followed by a brief correction. Yesterday during the daytime, it continued to fluctuate, and in the evening, influenced by data, it pulled back somewhat. The short-term low was around 70,300, then it rebounded again, currently back near 71,000. Yesterday, participating in short to medium-term longs yielded some gains. The downward movement is now encountering resistance, and a pullback within the day suggests continuing to buy on dips.

Regarding the recent trend, it is overall in a oscillating upward structure. After a large bullish candle on the daily chart, a bearish candle appeared with a pullback, but the pullback was not strong enough to recover the previous day's gains, so the overall trend remains relatively strong. On the hourly chart, each breakout above previous highs has been followed by a correction. Short-term, the price has again approached the upward trendline and paused; no downtrend has formed yet, so the bullish outlook remains unchanged.

Friday morning trading strategy for Bitcoin: Buy in the 70,500-70,000 range, targeting 73,000-75,000, with a stop loss at 69,500.

The above strategy is just my personal opinion. All viewers are welcome to discuss! Investment involves risks; please trade cautiously. There are no shortcuts in trading; patience is key for long-term success. Don't seek overnight riches; steady and solid progress is the way. Wishing everyone smooth trading! $BTC