Tuesday, March 31st, Morning Bitcoin Strategy



Currently, Bitcoin is trading within a narrow range around 66,500. There are signs of a rebound and correction from the bulls, but overall trading volume is insufficient, and capital inflow is weak. There are no signals of a trend reversal at this time, making a sustained upward trend difficult to form. Both bottom-fishing and chasing longs carry higher risks.

Today’s overall approach remains focused on shorting during rebounds, with key support levels suitable for small positions to bet on a rebound.

- Upper resistance: 67,500-68,500 is a strong resistance zone. If the price faces resistance and weakens in this area, consider entering short positions in batches, with proper stop-loss and position management.

- Lower support: 66,000 is a short-term critical dividing line. If the price stabilizes here, consider light long positions; if it breaks below this level and cannot quickly recover, further downside is likely, with the first target at 65,000.

In terms of trading, stick to building positions gradually, strictly control risk, avoid going against the trend, and adjust strategies in real-time based on market conditions to steadily seize trading opportunities.
BTC1,32%
GT0,45%
ETH2,22%
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