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3.29 Morning Bitcoin Brief: Slight correction rebound shows weakness again, trading remains high and short.
Yesterday during the daytime, BTC was consolidating at low levels, with a slight pullback after a rebound around 67,280; Ethereum spiked to 2,049 before falling back to around 1,988.
Jingwen Strategy BTC: Short at 66,800, add to short at 67,300; ETH: Short at an average of 2,020; all are small profits so far.
In yesterday’s article, I already reminded crypto friends to be cautious—bearish but not to chase shorts to the limit; short-term on small timeframes, there’s no strong condition for a sharp unilateral decline.
Currently, the hourly is stuck at 66,000 with a short-term support at 65,700 on the 2-hour chart; plus, weekend volatility may be limited.
The 4-hour bottom support is weak, the bears still hold the advantage. Notably, trading volume has slightly decreased, with resistance at 67,800.
BTC suggestion: Short around 67,000, add to short at 67,500, target 66,000–65,500.
ETH suggestion: Short around 2,020, add to short at 2,055, target 1,970–1,950.
No malicious guidance, just sharing ideas, adhering to community guidelines. Wishing crypto friends a happy weekend!