View $BTC 29/03/2026.
- Today, the view still leans towards a downward trend.
- Yesterday, BTC had a rebound but it was too weak, not able to recover the nearby resistance.
- USDT.D remains high.
- TOTAL has not confirmed the capital flow returning, so there is still no reason to view the market as likely to increase.
- Funding is not significantly negative.
Today's setup is not ideal for early longs, and it's also not good for shorting at the bottom. In general, it's not a good time to enter a trade. Priority is to wait for a rebound to the 67K area or higher than 67.2K to see the reaction. If the price drops below 66k, it may easily test the bottom again.
Action plan:
- Do not go long and do not short right at this point.
- Priority is to wait for the price to rebound to 67K - 67K2 to observe the reaction.
- If the price clearly loses 66k, only then prioritize following the downward scenario.
- If the price strongly reclaims 67.2k, then stop the short-term bearish bias.
Preferred scenario:
A weak rebound to resistance followed by continued selling pressure, or sideways for a while and then retesting the nearby bottom. This means prioritizing short positions more today. #FutureTrading
