2026-03-29 23:46:55

Monday, full of energy to start a new week!

Currently, Bitcoin is fluctuating around 66,000, and the medium-term trend remains bearish. The early rebound lacks sufficient volume and strength, which is a typical correction within a downtrend rather than a trend reversal. It is recommended to mainly consider short positions on rallies.

Focus on the strong resistance zone between 67,200 and 67,500, which is a confluence of moving averages and Bollinger Bands pressure. A rebound to this level encountering resistance presents a relatively safe shorting opportunity, with a stop-loss set above 68,800. If this level is broken effectively, the short-term bearish structure needs to be reassessed.

It is advised to consider short positions around 66,800, with initial support at the 66,000 level. If broken, further downside targets include the previous low at 65,000 and the medium-term support at 64,500.

BTC0,01%

ETH0,36%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes