March 23 BTC Swing Trading Strategy

Long Position Plan: Set up long entries at the 68000 support level with a stop loss at 67200. Target levels are 69500/70900/72000 with a risk-reward ratio of 1.8x. The 68000 level is a psychological round number and a previous high-volume trading zone. Combined with oversold funding rates, there is a technical bounce opportunity.

Short Position Plan: Set up short entries at the 70900 resistance level with a stop loss at 71600. Target levels are 69500/68000/66500 with a risk-reward ratio of 2.1x. The 70911 level is a strong resistance that has failed multiple tests. If the bounce stalls at this level, consider shorting with the momentum.

Recommendation: Choose based on actual price action. If price directly stabilizes around 68000, go long. If it bounces first and stalls at 70900, go short. Current trend bias is bearish, so short positions have relatively higher win rate.