Yesterday's US stock market was unusually stable. Bitcoin rebounded and faced resistance at 72000, retreating. The bears gained approximately 1500 points of space. In the early morning, the overall price oscillated around the 70500-71700 range. The daily chart showed bullish volume with positive closes, gradually forming an upside breakout. During Asian trading hours, we should focus on whether 72000 is breached. Before breaking through, we maintain a high-level short bias for positioning.
Mufeng's Suggestions: Bitcoin: Short around 71500-72000, targeting 70000-69500 Ethereum: Short around 2185-2205, targeting 2125-2100
3.26 Thursday Morning Market Analysis by Mufeng
Yesterday's US stock market was unusually stable. Bitcoin rebounded and faced resistance at 72000, retreating. The bears gained approximately 1500 points of space. In the early morning, the overall price oscillated around the 70500-71700 range. The daily chart showed bullish volume with positive closes, gradually forming an upside breakout. During Asian trading hours, we should focus on whether 72000 is breached. Before breaking through, we maintain a high-level short bias for positioning.
Mufeng's Suggestions:
Bitcoin: Short around 71500-72000, targeting 70000-69500
Ethereum: Short around 2185-2205, targeting 2125-2100