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Bitcoin Morning Outlook for March 31
Good morning everyone
Currently, Bitcoin is fluctuating around 66,500, and the overall trend remains in a weak downward structure. The strong resistance zone above 68,000-68,500 is evident, making it difficult for the rebound to stabilize effectively, and bullish momentum continues to be insufficient. The key support level below is at 65,200. If it is broken effectively, it will open the way for further decline, with the first target around 63,000. If it continues to break down, the next support is at the 60,000 level.
On the macro front, expectations of interest rate cuts are delayed, ETF fund outflows persist, and combined with low market sentiment and loosening chips, the short-term rebound is only a correction from oversold conditions and not a trend reversal. The overall bearish pattern remains unchanged. A rebound to around 67,800-68,300 is seen as a short-term setup targeting 66,200-65,200. If broken, look toward 63,000. #BTC #ETH #BTC行情