3.10 Bitcoin Auntie Ta Morning Thoughts

Yesterday, Bitcoin and Auntie Ta experienced a strong rally driven by emotional factors, but no effective breakout was formed, and resistance above remains significant.
On the four-hour chart, the price moved upward with consecutive bullish candles and touched the upper Bollinger Band, but quickly encountered resistance. A single medium-length bearish candle immediately swallowed the gains, and the short-term rebound momentum has been interrupted.

From the current four-hour structure, the market has returned to a bearish dominant trend.
Yesterday’s rebound was mainly driven by external news and emotional impulses, not a trend reversal. After the positive news was digested, funds returned to rationality, and the bearish force is expected to regain dominance.

Overall, the resistance above is strong, and the rebound lacks sustainability. This round is more of a technical correction within a downward trend. The main tone remains bearish, and further pullback is still expected.

Personal Thoughts

Bitcoin: High short-term range between 69,200–70,000, target at 68,000, and if broken, then 66,000–65,000.
Auntie Ta: High short-term range between 2,020–2,050, target at 1,950, and if broken, then 1,880.