3.30 Market Analysis

Review of this morning's market: Bitcoin quickly rebounded after dipping to the 65,000 level, rallying all the way up to 67,700; Ethereum moved in tandem with the overall market, falling back to 1937 before starting to rebound, reaching a high of 2058.

From the current chart pattern, the four-hour timeframe shows a long lower shadow formation. The price briefly pierced below the lower support line but quickly recovered, with a strong bullish candle about to close, pushing the price higher. On the technical indicators side, both KDJ and RSI are turning upward simultaneously, and the MACD bullish momentum continues to expand, indicating short-term rebound strength.

Looking at the hourly chart, the price is testing the upper resistance level. KDJ and RSI are diverging upward together, and MACD bullish momentum is gradually increasing, making the short-term rebound trend very clear. This morning’s sharp rally was heavily influenced by external news, directly driving all technical indicators into a strong rebound.

However, the overall trend remains bearish, and the price has not shown signs of a sustained upward breakout. Do not blindly chase longs! This rapid surge has caused indicators to lag, and chasing at this point could easily buy at the high ceiling. The main approach remains to focus on shorting at high levels, operating with the trend for safer results.

Bitcoin strategy: Rebound within the 677-685 range to establish short positions, targeting 660-630.
Ethereum strategy: Rebound within the 2060-2100 range to establish short positions, targeting 2030-1890.
Pay attention to managing your position sizes and setting proper stop-loss levels. Light positions are recommended for safer trading.