2026-03-24 23:19:19

3.25 Wednesday Mufeng Morning Market Analysis

Bitcoin briefly dipped to a low of 68,884 in the early morning, then rebounded near 70,500. The current rebound is only a short-term technical correction. Until the strong resistance at 71,500-72,000 is broken, no reversal should be expected. Since falling from the high points this week, multiple rebounds have faced strong resistance, and the bulls have shown little strength in their attempts to push higher. The price remains oscillating at low levels, and the overall trend continues to be bearish.

Therefore, the intraday trading strategy is to go short near the rebound resistance levels.

Trading ideas:
Bitcoin: Short in the 71,000-71,500 range, with a target of 68,500
Ethereum: Short in the 2,175-2,200 range, with a target of 2,050

BTC0,4%

ETH1,36%

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