2026-03-12 16:39:14

# Early Morning Thoughts

The oscillation range is narrowing more and more, urgently awaiting a unilateral breakout.

The movement during the day was a typical oscillation. BTC retraced from 69,150 in the afternoon and rebounded, reaching 70,750 in the evening; after the US stock market opened, it fell to 69,300 and is now consolidating above 70,000.

On smaller timeframes, technical indicators show no obvious changes. On the daily chart, although there are consecutive bullish candles, the real body is quite thin. The upper and lower shadows are long, so in recent times, not only can long positions at lower levels take profits, but short positions at higher levels can also be profitable!

**Trading Suggestions:**
Buy near 71,000 with a target of 69,500–68,500 for BTC.
Sell near 2,080 with a target of 2,030–2,050 for ETH.

BTC-0.72%

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