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Since early morning, Bitcoin has been trading within a narrow range around $66,800, with highly converged volatility. The price has repeatedly oscillated between $66,700 and $67,000, with neither bulls nor bears establishing a sustained volume trend. Although there was a brief spike during the midnight hours, the price failed to sustain above $67,000 and quickly retreated to the previous range. Overall, the market remains stable, lacking new directional drivers.
On the hourly chart, the moving average system continues to exert resistance on the price, and short-term rebounds have failed to break through effectively. Selling pressure above remains evident. The Bollinger Bands are tightening, and the price is weakly trading below the middle band. The MACD lines are converging, and volume bars are shrinking, indicating an unclear short-term trend. The rebound momentum is insufficient, aligning with the low volatility expectations for the weekend. In terms of trading strategy, before a volume breakout occurs, consider buying low and selling high within the range, with a more conservative bias toward a bearish setup.
For Bitcoin, consider shorting around $67,000 and targeting around $66,000. For altcoins, consider shorting around $20.50-$20.70 and targeting around $20.20. #三月非农数据来袭 $BTC $ETH