3.22 Sunday - Mufeng Morning Market Analysis

As analyzed in detail this morning, the correction that was bound to come has indeed arrived. Current market trading activity is thin overall, and even Bitcoin cannot remain unscathed. Despite main force support, it's difficult to reverse the weakening trend. Short sellers pushed down in the morning, with price reaching the 68,200 level, a short-term pullback of nearly 2,800 points.

From a technical perspective, the low continues to move down, the Bollinger Bands are opening downward and diverging, bullish momentum continues to weaken, and bears clearly dominate the trend. Weekend market volatility is likely to amplify—avoid blindly catching the bottom on long positions. Operationally, maintain the strategy of shorting on rallies at higher levels.

Operational Suggestions:
Bitcoin 69,500-70,000 zone - scale in to short positions, targeting 67,000.