Good evening everyone, I am Xinya, and below is the confirmation of thoughts from yesterday.

Let's take a brief look at the intraday market. On the night of March 9, after Bitcoin broke through 68,500 and extended to 69,500, the MACD indicator began to contract. The subsequent pullback oscillated between 68,200 and 69,500. At 7 AM, the MACD histogram turned negative, at which time the price was around 68,500! Looking back, the market was luring shorts at that node. We mentioned earlier that 67,500-68,500 is an important battleground for bulls and bears. If it stabilizes above 68,500, it will attack upward towards 71,500, but the market formed in this manner.

We observe the upward oscillation process, and at the round number of 70,000, there was no clear short selling pressure. Conversely, on the night of March 9, there were signs of bullish selling around 69,200. Once it wiped out the shorts without pulling back, the upward probing process was not strong, indicating that this method of bullish relay is weak, and the subsequent upward momentum is not as strong as mainstream opinions suggest. The market is testing each other's bottom line. For long-term bear position traders, this is just a period of rebound; the highest level they can accept for the rebound is the range of 71,800-72,500. For the main bulls, 65,800 has become a relatively strong bottom. Both sides do not have an absolute advantage, so the market definitely needs to digest through fluctuations.

The most reasonable digestion range currently is the large area of 68,500-71,500, getting closer to the round number of 70,000. The trapped shorts will give way after Bitcoin pulls back, leaving space to absorb positions and turn, or during weak upward continuation, they may go for a counterattack for a new round of confrontation. These are release opportunities for trapped positions as well as opportunities for retail investors to enter long. Currently, Bitcoin's one-hour EMA 120, 144, and four-hour EMA 120, 144 are all in the range of 68,500-69,200. There will be potential support here.

Key levels for Bitcoin: upper focus on 71,500, 71,800
lower focus on 70,500, 69,200, 68,500
For Ethereum: upper focus on 2,078
lower focus on 2,022, 1,988

In a fluctuating market, freely handle high selling and low buying. Trapped shorts await a chance to escape; wait for opportunities to enter long without positions. Ethereum follows Bitcoin's movement. As the market moves quickly, we have already secured a round earlier; since the future market won't change, no adjustments are made.

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