On the morning of March 25, BTC maintained a narrow consolidation below $71,000, with short-term oscillating pullback structure. Following yesterday's rejection from highs, market sentiment is cautious, with bulls and bears intensifying their battle at key support levels.

The 4-hour cycle is running at the end of a standard converging triangle: the lower support has gradually risen from 67,307, while the upper resistance has progressively narrowed from 74,771. The current price is approaching the triangle's upper resistance zone and is about to enter a critical directional decision point.

Trading Strategy

Short: If it rebounds to the 71,500-72,000 range and faces resistance, enter a light short position with stop loss above 72,500, targeting 69,800.

Long: If it pulls back to the 69,500-70,000 range and stabilizes, enter a light long position with stop loss below 69,500, targeting 71,500.