Market Analysis for March 31

Bitcoin lacks upward momentum; although it broke the 68,000 level, it has not stabilized. Currently, it continues to see intense battles between bulls and bears around the 68,000 mark. Last night, it dipped to support at 66,200 and then stabilized. Trading volume slightly increased, with clear resistance at 68,500-70,000. Holding above 68,000-70,000 would signal a halt in the decline and a potential rebound. A break below 65,000 could lead to a test of 63,000-60,000.

The US dollar's strength, high interest rates, and geopolitical risks suppress gains, with no short-term positive catalysts.
In the short term, expect volatility within the 65,000-70,000 range. If stabilized, targets are 72,000-74,000 USD; a breakdown could lead to a retest of 63,000-60,000.