3.31 Market Outlook

Today's trading advice remains to short on rallies. As long as the red channel support is not broken, the closer it gets, the more you should short to prevent fake breakouts by market manipulators. Just move your stop-loss slightly higher. Here's a simple analysis of the current market conditions.

Macroeconomic background: Asian stock markets plunged across the board in early trading due to Middle East conflicts and inflation concerns (Korean stocks down over 4%, Japanese stocks down over 2.5%), risk appetite has declined, and cryptocurrencies are showing a volatile but resilient stance.

$BTC ‌Key Points

Trend: Hourly bullish (higher lows and higher highs), core range 66505→68128 oscillating.

Long positions: Break above 68128 with volume → chase long → target 68993→69532.

Short positions: Break below 67223 with volume → rebound but not close → chase short → target 66242→65525.

Support/Resistance

Resistance: 68128 → 68993 → 69532

Support: 67250 → 66181 → 65757

$ETH ‌Key Strategies

Breakout long: Break above 2081 with volume → chase long → target 2127→2157.

Breakdown short: Break below 2047 with volume → chase short.

Left-side long: Re-test 2013 to confirm support for long, stop-loss below 1980.

High short: Short near 2157, stop-loss above 2197.

Support/Resistance

Resistance: 2081 → 2127 → 2157

Support: 2046 → 2010 → 1979

Risk Warning

Asian stock market plunge suppresses risk sentiment. Before breaking key levels, hold small positions in BTC/ETH with strict stop-losses to guard against fake breakouts. #亚洲股市跳水