3.30 Friday Midday Market Analysis

From a daily chart structure perspective, BTC is currently still in the recovery phase following a large-scale bearish divergence, and this has not changed. After the price rebounded to around the daily MA/EMA60 level, it faced obvious resistance, indicating that overhead resistance remains heavy and the market has not yet truly completed a trend reversal. Now the price has fallen back to around the daily EMA/MA20, which means short-term bulls and bears have entered a new divergence zone.

For me, the most critical level right now is the daily 20-period moving average support band around 70,000. If BTC can continue to hold this short-cycle moving average group, then this looks more like a normal pullback after a rebound, and there will still be opportunities to test the overhead 60/120 moving average pressure zone again. However, if this moving average band is effectively broken below, then this wave of corrective rebound will weaken further, and lower levels around the 67,000 support area will likely be tested again.

BTC trading suggestion: Short near 70,800, stop loss 71,500, take profit 69,800-68,500

ETH trading suggestion: Short near 2,150, stop loss 2,190, take profit 2,110-2,050