3.25 Wednesday Morning Market Analysis by Mufeng



Bitcoin touched a low of 68884 in the early morning, then rebounded near 70500. The current rebound is only a short-term technical correction. Before effectively breaking through the resistance of 71500-72000 above, we should not expect a reversal. Since falling from the highs this week, multiple rebounds have encountered strong resistance, with bulls unable to mount an effective counterattack. Price maintains low-level consolidation, and the overall trend remains bearish.

Therefore, intraday trading suggestion: Enter short positions near the rebound resistance level.

Trading Strategy
Bitcoin: Short in the 71000-71500 range, target 68500
Ethereum: Short in the 2175-2200 range, target 2050
BTC0.4%
ETH1.36%
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