【March 31】Bitcoin / Altcoin Market Analysis and Trading Strategy

Today’s market finally turned green, and many people are excited: Is this the bottom? Is a reversal coming?

This rebound is called a oversold correction — a breath after a big drop, not a trend reversal.

First, the daily chart is still being held down by moving averages.
Although the price has rebounded, it’s still below the moving averages, which is a technical rebound, not a reversal. The moving averages above act like a ceiling, pressing down firmly.

Second, the rebound lacks volume.
While MACD bearish momentum is shrinking, RSI remains weak, and trading volume is insufficient. A rebound without volume won’t go far.

Third, there is heavy resistance above.
The 69,000-70,000 range is the first hurdle, and 72,000 is the second. Each level is backed by a thick pile of trapped positions, making it difficult to break through.

March 31 Bitcoin Trading Strategy:
1. Short at 68,600-68,100, stop loss above 69,400, target 66,100-65,100
2. Long at 65,100-65,600, leave room to add near 63,100, stop loss 900 points, target 67,100-68,100

March 31 Ethereum Trading Strategy:
1. Short at 2,105-2,075, stop loss above 2,135, target 2,025-2,005
2. Long at 1,915-1,945, leave room to add near 1,885, stop loss 40 points, target 2,005-2,035