3.9 Morning Market Analysis and Trading Recommendations



From the 15-minute chart, after a surge to 68,167, the price has been falling back, reaching a low of 65,571. This is a typical false breakout and shakeout, but market sentiment remains extremely unstable.

The middle band of the Bollinger Bands at 67,018 has become a strong resistance level. The price has been oscillating below the middle band, indicating weak bullish rebounds and a clear bearish trend.

For Monday's trading approach, avoid chasing longs or bottom-fishing. Sell on rebounds and follow the trend to short. Steady and cautious is the way to go—avoid long positions!

Trading Suggestions

BTC: Light short positions on rebounds to 68,000–67,500, targeting 65,500 → 65,000. If support breaks, look toward 63,000 → 60,000.

ETH: Close short positions on rebounds to 1,965–1,950, targeting 1,900 → 1,885. If support breaks, look toward 1,825 → 1,780.
BTC1,15%
ETH1,88%
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