3.29 Sunday Big Chen Market Analysis $BTC

Currently, Bitcoin is in a weak recovery phase after a significant drop, still under pressure from moving averages on the 4-hour level, with a powerless rebound on the 15-minute chart, indicative of a typical continuation of the downward trend. The key resistance level at 67370 is the core boundary between bulls and bears. Currently at 66700, still well below this position, proving that the overall trend is still dominated by bears. Any rebound towards this level presents potential shorting opportunities.

The main strategy is to short on rallies, only positioning at key resistance levels, avoiding chasing shorts or bottom fishing.

Big Chen's operational advice:

Wait for the market to rebound to the 67200 - 67400 range to short, aiming for a target around 66200 - 66000, with a stop-loss set above 67550.

Follow Big Chen for daily insights and in-depth analysis. Big Chen focuses on Ethereum, Bitcoin, and altcoin contract spot positioning, sharing only practical experiences that can survive in the market! #加密市场回调