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3.12 BTC Evening Market Analysis
Core Conclusion: Strong oscillation, range 69000-71500, breakout direction selection
I. Logical Support
- 4-hour Bollinger Band compression, 1-hour EMA30 support, balanced long and short positions
- 69000 is key support, 71500 is strong resistance
- Stable funding and liquidations, breakouts without volume are considered false breakouts
II. Trend Characterization
Short-term strong oscillation, range trading before 21:30, standing firm at 69000 favors longs, breakdown turns bearish.
III. Practical Targets
- Long: 69200-69500, target 70500-71000
- Short: Follow on breakdown below 68900, target 68200-68500
- Breakout 71500 light position long, target 72500
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