March 31 Morning Bitcoin Analysis


$BTC After surging to 68,148 in the early session, the price experienced a rapid decline, touching a low of 66,200, completing a deep correction. It then stabilized and rebounded within the 66,200-66,500 range. Currently, the price is around 67,000, in the rebound and recovery stage.

Resistance levels: 67,000 → 67,500 → 68,000
Support levels: 66,500 → 66,000

Trading suggestions:
If the price stabilizes around 66,300-66,500 after a pullback, consider a light long position, with the first target at 67,000 and the second at 67,500. Do not chase the rally; take profits when appropriate.
As the rebound faces resistance between 67,000-67,500, consider a light short position. The first target is 66,800, and the second is 66,500. Do not chase the short; wait for another rebound to re-enter.

Above 68,000 is a strong resistance level. If it cannot break through, the rebound is likely to continue downward after ending.
Below 66,000 is a key support. If broken, the next target levels are 65,500-65,000.
This technical analysis is for the general market direction reference only and does not constitute investment advice. Please combine your own position and real-time market conditions to make flexible decisions and manage risks properly. $ETH #国际油价走高 #BTC能否守住6.5万美元? #市场重新计价加息预期 #美伊战事或升级为地面战 #日本央行公布3月货币政策
BTC-1,73%
ETH-1,31%
View Original
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin