2026-03-31 02:54:06

Bitcoin's rebound encounters resistance and may decline further

1. In the early hours, a false break below 6.55 stopped the decline and triggered a rebound, draining liquidity from bullish retail traders.

2. The limit of this rebound: 6.9–7.1 (strong resistance), causing most short positions to be stopped out.

3. After encountering resistance at 6.9, it continues to fall sharply, and the space is similarly expected to break below 60,000.

The bearish trend remains unchanged. Wait for the rebound to complete before shorting.
Strong resistance zone: 6.9–7.1 (shorts' defense point / excellent short entry zone), medium-term target: break below 60,000.

BTC0.04%

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