3.28 Morning Market Analysis

Yesterday was another day of great victory. The followers who jumped on the bandwagon have already reaped full rewards, and Old Guo is also covered in oil from all the gains! If you can't predict or make good judgments, trust Old Guo!

Yesterday, Bitcoin continued its extreme bearish trend, starting a one-sided plunge from above 69,800. During the session, it dipped as low as 65,500, with a daily decline of over 4,000 points. Market bearish sentiment fully erupted, and the bears firmly controlled the market. Currently, the price is around 66,400 with weak oscillations, still in a weak recovery phase within a downtrend channel. The rebound momentum is severely lacking, and the bearish dominance remains unchanged.

The current market trend is clearly dominated by bears. Any technical rebound should be seen as a good opportunity for shorting. It is strongly advised not to participate in long positions and to strictly adhere to trend-following trading principles. Do not fight against the trend.

Trading Suggestions:
Sell in batches on rebounds to the 66,800-67,300 range, targeting 66,000-65,500. If support breaks, further downside targets are around 65,000.