3-12 Morning: Fake Breakout to Trap Buyers, Rebound and Short



Bitcoin 15-minute chart surged to 71286 before continuously pulling back, with a low of 68932, showing a typical fake breakout trap and shakeout pattern. Short-term market sentiment is volatile, and the battle between bulls and bears is intense.

The middle band of the Bollinger Bands at 70300 acts as a key resistance. Price remains below the middle band, with a clear sideways consolidation pattern, and the bearish trend is gradually strengthening.

The strategy mainly focuses on shorting on rebounds, shorting when the rebound faces resistance, with strict control of position size and risk management, operating prudently.

Trading Suggestions:
Short around 70500-71000, target near 68500-68000
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