3.24 Tuesday Mufeng Morning Market Analysis



Holding under pressure, the market is going nowhere!

Yesterday's rally was purely driven by sudden positive news, with Trump releasing favorable signals that caught the market off guard. Sentiment quickly spiked and released, but rebounds driven by such news have extremely poor sustainability. After a short-term surge, the market will likely enter repeated oscillation and consolidation. Blindly chasing longs risks being trapped at the peak!

Morning Trading Strategy: Hold to shorting as the main approach, closely monitor how key resistance levels hold, and patiently wait for an optimal timing to establish positions at higher levels.

Trading Recommendations:

BTC: Short around 72000, targeting 70300, 69500, and 68600 in sequence.
BTC2.45%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin