3.14 Saturday Bitcoin Latest Thoughts

Yesterday, the bulls dominated the market rhythm. Upon opening, there was a fierce rally, followed by a slight pullback and then Bitcoin continued upward, reaching a high near 73,850 last night, approaching the previous resistance zone. The plot reversed in the early morning hours, with Bitcoin declining all the way down to the 70,500 area. Such dramatic moves ultimately benefit the whales.

Today is the weekend, so we won't expect major one-sided movements. We'll treat it as a range-bound market instead, with a trading range around 70,000-72,000 where we can short at highs and go long at lows. If the market breaks out of this range later, we'll make adjustments based on real-time conditions on the trading floor.