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3.31 Evening | Bitcoin and Altcoin Strategy
From the current market situation, this afternoon's pullback was basically expected.
Bitcoin failed to break above around 68,000 twice, forming a clear resistance zone. The pattern shows a potential "double top," and combined with a death cross indicator, the bearish signal is very obvious.
At the same time, the decline is accompanied by increased volume, indicating that the drop is not random; the bears are gaining strength.
The daily chart shows two consecutive long upper shadows, which also suggest heavy selling pressure above. Recent volatility has been narrowing, which actually indicates accumulation, and there’s a high probability of a directional move in the near future.
In simple terms, the current rhythm hasn't changed: rebounds still present shorting opportunities.
Trading strategy:
Bitcoin: Look for shorting opportunities in the 67,500–68,300 range, targeting 65,000; if it breaks below, continue to watch 63,000.
Altcoin: Short in the 2,070–2,090 range, targeting 1,980; if it breaks below, watch 1,900.
One sentence summary:
If it can't go higher, it's a sign to short. Follow the trend, don’t go against it. #BTC能否守住6.5万美元? #鲍威尔鸽派发言重燃降息预期 #以太坊基金会质押4620万美元ETH #美股三大股指期货转涨 #TRUMP团队疑似抛售1606万美元代币 $BTC $GT $ETH