3.24 Morning Market Analysis

Last night, disrupted by breaking news, Bitcoin violently rallied nearly 3000 points. Subsequently, it was proven that the news released was false, and Bitcoin pulled back after reaching 71800. The short orders laid out early by Lao Guo were successfully realized and safely locked in. Friends who kept pace have already reaped substantial profits, and all relevant reminders have been synchronized.

From a structural perspective, this rally is an anomalous market movement driven by news sentiment, and the overall trend still maintains a bearish bias. The positive catalyst came abruptly, and after the market's concentrated emotional release, follow-through momentum is insufficient. In the short term, there is a high probability of entering a consolidation phase. Operations require maintaining caution.

Strategically, we firmly maintain a high-altitude short bias as the primary approach, with key focus on monitoring performance at upper resistance levels. Avoid blindly chasing rallies. Patiently await high-level entry opportunities while strictly controlling position sizing and risk. Respond steadily to volatility.

Operational Suggestions

Layer in short positions in the 71000-71500 range, with targets looking toward 69000-69500 vicinity. In case of breakdown, watch 68000.