3.28 Midday Bitcoin Analysis: Breaking the key daily support level, short-term mainly short with auxiliary long.

Yesterday morning, BTC gradually declined from around 69,000; by evening, it broke below 68,000, intensifying the bearish trend; affected by geopolitical news and Federal Reserve policies;

Additionally, US stocks were hit hard, breaking below 66,000 and touching a low of around 65,500; Ethereum started falling from the 2080 level, with the lowest point near 1966 in the early morning.

On the hourly chart, the MA60 and Bollinger upper band are both pressing around 67,000 for resistance; the lower band at 65,000 remains unbroken, pulling back over 1,000 points;

The 2-hour and 4-hour moving averages are in a bearish alignment, with the Bollinger lower band trending downward, indicating bearish dominance; however, short-term indicators are shrinking in volume, so extreme shorting is not recommended.

After breaking below 66,000 in the early morning, there was no further deep decline; short-term downside space is limited, so choosing a high point for entry is crucial;

The daily candle pierced the key support level, but the body still closed above 66,000, which suggests caution against chasing short positions.

BTC suggestion: Short around 66,800, add to short at 67,300, target 65,800–65,000;

ETH suggestion: Short around 2,005, add to short at 2,035, target 1,960–1,950.

There is no harmful guidance, only sharing ideas, and adhering to community guidelines. Wishing crypto friends a happy weekend!