Wednesday Afternoon BTC Strategy (Combining Market and Technical Analysis)


Current Situation
After falling below 70,000 in the early morning, the price has been consolidating within a narrow range, facing resistance around 70,200 and support near 69,400.
The major correction has mostly been repaired, but the rebound momentum is weakening. Avoid chasing longs at high levels.
Afternoon Trading Tips (Bearish Bias)
Short Positions: Enter shorts in batches at 70,200 and 70,800.
Stop Loss: Above 71,300 (Key Resistance Level)
Target: 69,000 → 67,500
Key Observations:
Breaking below 69,000 opens the downside space; holding above 70,800 suggests exiting short positions.
US CPI data at 21:30 tonight is a short-term turning point.
$BTC
Risk Reminder
The above is for technical reference only and does not constitute investment advice. Cryptocurrency markets are highly volatile; trade with small positions, set stop losses, and strictly control risks.
BTC-1.27%
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