# BTC March 25 Intraday Market Analysis

Good afternoon everyone. During the night session, there was no significant rebound at the smaller timeframe and price directly broke below the white line level. BTC even precisely inserted to the first support level I provided during the day. Now the smaller timeframe is rebounding again to yesterday's daytime resistance zone. Those holding long positions at this level can reduce their positions. Short position traders with heavy exposure at the lower levels, make sure to set stop losses at the previous high!

From a wave perspective, this pullback has completed its retracement, so now as we challenge the previous high again, once this previous high breaks decisively and doesn't pull back, the next target will be near the top of the previous daily-level wave segment. For shorting at this previous high, only light positions with short-term scalping are suitable. If trapped, wait for the top to get filled above, or alternatively go to the 75-76 zone to catch short positions as prices reverse from the top. For long positions, either wait for today's pullback to enter, or wait for volume-driven surge to break through the top, fail to pull back below it, and then small timeframe traders can go long!