March 23 BTC Swing Trading Strategy

Long Position: Enter long at the 68000 support level, with a stop loss at 67200, and target levels at 69500, 70900, and 72000, offering a risk-reward ratio of 1.8. The 68000 level is a psychological round number and a previous dense trading zone. Coupled with oversold funding rates, there is a technical rebound opportunity.

Short Position: Enter short at the 70900 resistance level, with a stop loss at 71600, and target levels at 69500, 68000, and 66500, with a risk-reward ratio of 2.1. The 70911 level is a strong resistance that has been tested unsuccessfully multiple times. If the price encounters resistance during a rebound, it is suitable to short the market.

Recommendation: Choose based on the actual price movement. If the price drops directly to stabilize at 68000, go long. If the price rebounds to 70900 and stalls, indicating a lack of upward momentum, go short. The current trend is bearish, so shorting has a relatively higher probability of success.