Mufeng·3.9 Monday Afternoon Latest Market Analysis



Bitcoin continues to show a small-scale rebound in the afternoon. Currently, it remains under the resistance of the 1-hour Bollinger Band middle line, with the 68000 level being particularly significant. When the price rebounds to this area, it presents a good opportunity for short entries.

From a 4-hour perspective, Bitcoin has tested the support zone around 65500 and stabilized, showing a series of bullish candles and an upward trend. However, the rebound strength is weak, with resistance at the middle band and an upper shadow on the candles, indicating that the current rebound lacks sufficient momentum to sustain.

The key level to watch in the near term is 68000. If the price cannot break through and hold above this level effectively, the market is likely to continue its downward trend.

Trading Suggestions

Bitcoin: Short near 68000, target: 66500—65000
BTC2,16%
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