As of the morning of March 12, Bitcoin's price was still fiercely competing around the 70,000 level, but short-term volatility has clearly increased. Over the past 24 hours, the price has experienced large fluctuations, oscillating widely between 69,000 and 71,700. Such repeated fluctuations usually indicate serious disagreements between bulls and bears at this level. Ten minutes before the CPI data release, we observed that the forecast and deviation values were not significantly different. We took a small long position at around 70,000. After the data was released, the price instantly surged to 70,800, and we immediately took profits. Looking back on this operation, what’s worth summarizing is not the profit itself, but our tiered position-building logic within the 65,800–69,500 range. At that time, we observed inflows from whale addresses and a rebound of ETF funds, which indicated a higher safety margin. The subsequent trend also largely confirmed this judgment.

Bitcoin closed positive for three consecutive days, re-approaching the 70,000 level and the ENA30 trend line. The MACD indicator shows signs of increasing volume and momentum, indicating a return of bullish strength. For trading, it is recommended to buy on dips, looking at the 69,300–69,800 range, with a stop loss at 68,500. Targets are sequentially set at 72,000, 74,000, and 76,000. The current key support level is at 69,000; as long as it holds, the structure remains intact. #伊朗在霍尔木兹海峡布设水雷 $BTC