Monday, March 30 - Morning Market Analysis

The morning market shows a dual-direction consolidation trend, with a sharp dip to around 64,900, forming a clear breakdown pattern. In a weak market, following the trend is the only way to steadily capture effective gains.

From the chart perspective, the current bearish trend continues, and any rebounds should be viewed as opportunities for high-level short positions. The price is being suppressed by the middle band of the 4-hour Bollinger Bands, with clearly insufficient rebound momentum; on the 15-minute timeframe, after bouncing from 64,900, the volume continues to shrink, with higher peaks gradually declining, showing a typical weak recovery structure. It is highly likely that a second retest will follow, and a new intraday low cannot be ruled out.

Trading Suggestions

Bitcoin: Short around 67,000, target 65,100 and 63,800

Ethereum: Short around 2,030, target 1,950 and 1,840