2026-03-31 08:13:03

3.31 Tuesday, Mugong Afternoon Market Analysis

In the morning, Bitcoin surged to 68,388 before facing resistance and pulling back. The short-selling strategy around the 68,000-68,500 range given earlier was perfectly validated. Partners who followed the rhythm easily gained 1,300 points of profit!

Currently, after the rally, the K-line bodies are narrowing, with frequent upper shadows. Each rebound has been quickly suppressed, and bullish momentum has clearly weakened. The larger-scale bearish structure remains unchanged, and rebounds still present opportunities to position for short trades with the trend. Around 68,000 remains a strong short-term resistance level, with key support zones at 66,800-66,500 below. The altcoin (referred to as "mistress" or "second wife") is also weakening in tandem. The trading strategy remains primarily high short positions and secondary low long positions.

Trading Recommendations

Bitcoin: Gradually short around 68,000-68,600, target 66,000, and if broken, continue to 65,500.
Altcoin: Gradually short around 2,085-2,105, first target 2,000, and if broken, look toward 1,950.

BTC1,59%

ETH3,23%

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