【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?

The current rebound is a oversold correction—selling off too much to catch a breath, not a trend reversal.

First, the daily chart is still under the pressure of moving averages.
Although prices have rebounded, they are still below the moving averages, indicating 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 resistance overhead.
$69,000–$70,000 is the first hurdle, and $72,000 is the second. Each level is backed by heavy 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 below, 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 below, target 2,005–2,035