3.30 Monday - MokFeng Afternoon Market Analysis

From a weekly perspective, Bitcoin has closed with a bearish candle for two consecutive weeks, with both candles showing obvious long upper shadows, and the closing price continues to decline. The bullish momentum has significantly weakened. This week, the market is likely to continue the weak correction trend, potentially forming a third consecutive weekly decline, and the bearish trend is basically established.
Although there is a short-term possibility of a technical rebound, multiple resistance levels above are clearly suppressing upward movement. The most prudent approach is to adopt a high-short strategy.

Trading Recommendations
Bitcoin: Short positions in the 67,700-68,500 range, target 65,500
​Altcoin: Short positions in the 2,070-2,090 range, target 1,950