3.30 Market Analysis

Reviewing today's morning market, Bitcoin quickly rebounded after dipping to the 65,000 level, rallying all the way up to 67,700; Ethereum moved in sync with the overall market trend, falling back to 1937 before starting to rebound, with a high of 2058.

From the current chart pattern, the four-hour timeframe shows a long lower shadow formation. The price briefly pierced below the lower support line but quickly recovered, with a strong bullish candle about to close, directly pushing the price higher. On the technical indicators, both KDJ and RSI are turning upward simultaneously, and the MACD bullish momentum continues to expand, indicating short-term rebound strength.

Looking at the hourly chart, the price is testing the upper resistance level. KDJ and RSI are diverging upward together, and MACD bullish volume is gradually increasing, making the short-term rebound trend very clear. This morning’s sharp rally was heavily influenced by external news, directly driving all technical indicators into a strong rebound.

However, the overall trend remains bearish, and the price has not shown signs of a sustained upward breakout. Do not blindly chase longs! This rapid surge has caused indicators to lag, and chasing at this point could easily buy at the high ceiling. The focus should still be on shorting during the day, with trend-following operations being more prudent.

Bitcoin strategy: Rebound in the 677-685 range, look for short entries, with targets at 660-630.
Ethereum strategy: Rebound in the 2060-2100 range, look for short entries, with targets at 2030-1890.
Pay attention to position sizing and set proper stop-loss levels; operate with caution.