March 8th, Saturday, High Short and Low Long in the Range

Today is both the weekend and March 8th International Women's Day. Wishing all mothers safety, health, and happiness!

Overnight, Bitcoin faced resistance and fell back around the 89000 line, with the price dropping to a low of around 88500, where it found some support, and then rebounded again. Currently, the price is fluctuating around the 86500 area.

In the 4-hour chart, it presents a broad zigzag pattern, with the price moving up and down around the mid-track area. After several contests, the current market is showing a continuous bearish stance. With the arrival of the weekend, the Bollinger Bands are starting to converge, indicating that there won't be much fluctuation in the short term. The operation should focus on short-term trades, participating at key points on both long and short sides.

For short-term pressure, pay attention to the 87500 level, and for short-term support, focus on the 85500 level. As long as this range holds, trade around the pressure and support levels with high shorts and low longs.

Today is the weekend, and it is likely to remain mainly fluctuating, so there is no need for overly ambitious strategies. Take profits when you can, and wish everyone good luck.