Wednesday Morning Bitcoin Strategy

Last night's price action was very typical. During the day, the market was repeatedly pulled back and forth, draining emotions. After US stocks opened lower, bearish sentiment was ignited, and prices fell all the way down, touching around 68,800 in the early morning, with bearish ideas materializing once again. The market won't disappoint patience - when the rhythm is right, profits are just a matter of time.

From the current structure, prices have returned above 70,000, but haven't formed effective continuation. Whether bulls or bears, both lack the decisive momentum to seal the deal. Overall, the market is still oscillating repeatedly within the range. Since the trend is unclear, just trade along with the range rhythm - don't guess direction, just wait for position setup.

Upper resistance around 71,500, lower support near 68,900. As long as the range holds, it will be difficult for the market to move one-sidedly.

In the morning, still looking to establish short positions in batches in the 71,000-71,500 region, targeting 69,500-68,500 area.
If there's no continuation after the pullback, once the lower area stabilizes, can reverse to short-term longs, taking a wave of range rebound.
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