3.30 Bitcoin Evening Strategy

After Bitcoin surged near 65,000 and then pulled back, the candlestick formed a long upper shadow shooting star, with a sharp rise followed by a decline accompanied by significant volume. The overhead selling pressure is clearly exposed. This pattern essentially indicates that the main force is pushing the price up to lure long positions and then distributing, with the bulls showing obvious fatigue.
Real-time reference levels: BTC is currently oscillating between $67,600 and $67,800, showing a clear rebound from the 65,000 level, but trading volume is insufficient.
In the short term, it remains a false recovery. The hourly rebound lacks volume, MACD continues to stay below the zero line, and the bearish structure remains clean and decisive. A retest is only a matter of time. Chasing the high at this level is essentially actively taking on risk.
The news environment is also unfavorable. Iran-related geopolitical factors have been clarified, and the rise is more for distribution. With multiple negative factors stacking up, market sentiment remains under pressure. The overall signal is consistent: following the trend is the best strategy.
Evening Strategy:
Bitcoin: Short positions in the range of 67,500-68,200.
Target lower at 66,000; if it breaks effectively, further look at 63,000!$BTC