3.28 Market Trend Analysis

Brothers, happy weekend! Looking back at this week, the overall trend closely matches our previous predictions. As early as Monday, we clearly indicated that the rebound target range was set at 71,600 - 72,400. From the actual movement, after the price precisely touched 72,000, it began a correction phase, not only breaking below the upward trend line smoothly but also, with yesterday’s correction wave, Bitcoin has retested the key area of the previous daily swing bottom.

Currently, the market is in a sideways consolidation stage. Based on this, it is expected that today’s market will not experience significant fluctuations. Brothers planning short-term trades can focus on the high and low points of the morning, around 66,500-65,800 for Bitcoin and 1,995-1,980 for Ethereum, to flexibly buy low and sell high. However, I want to remind everyone that the profit margin is relatively limited, so take profits when the time is right and avoid greed and overtrading!