Overall, the market is showing a volatile pattern characterized by a rally that faces resistance and intensified bullish-bearish battles. Institutional funds have begun to flow back, but retail participation has decreased, raising doubts about the sustainability of a short-term rebound.

The Federal Reserve's rate cut expectations have been pushed back to July 2026, and the high-interest-rate environment continues to suppress risk assets. On the technical side, Bitcoin faces strong resistance around the $70,000 integer level and the 20-day moving average (approximately $69,500). The RSI indicator is approaching overbought territory, indicating a need for a correction.
Key support levels are at $67,500-$68,000; a break below could see the market return to a $65,000-$70,000 range with sideways fluctuations. Currently, the market is driven by "news-driven" volatility. The short-term positive effects of Trump’s policies have been priced in, and market focus has shifted to the White House Cryptocurrency Summit on March 7. Geopolitical risks and Federal Reserve monetary policy remain the core macro variables influencing market direction.
Operational Strategy Suggestions (for reference only, not investment advice):
Overall Approach: Given the resistance encountered during the rally and technical correction pressures, a cautious strategy of "mainly shorting high, lightly going long on dips, maintaining small positions, and strictly setting stop-losses" is recommended. Avoid chasing highs near key resistance levels and patiently wait for support retests or clear breakout signals.
Operational References:
Short Opportunities: If the price rebounds to the $69,500-$70,000 zone and faces resistance, consider a small short position with a stop-loss above $70,500. Targets are set at $68,500 and $67,500.
Long Opportunities: If the price stabilizes around $67,500 or further retests the strong support zone at $66,000-$66,500 without breaking below, consider a small long position with a stop-loss below $65,500. Targets are set at $68,500 and $69,000.