🍀 Spring Date with Fortune, Prizes with Raffle! Growth Value Phase 1️⃣ 7️⃣ Spring Raffle Carnival Begins!
Seize Spring's Good Luck! 👉 https://www.gate.com/activities/pointprize?now_period=17
🌟 How to Participate?
1️⃣ Enter [Square] personal homepage, click the points icon next to your avatar to enter [Community Center]
2️⃣ Complete Square or Hot Chat tasks such as posting, commenting, liking, speaking to earn growth value
🎁 Every 300 points can raffle once, 10g gold bars, Gate Red Bull gift box, VIP experience card and more prizes waiting for you to win!
Details 👉 https://www.gate.com/ann
3.25 Wednesday Morning Market Analysis by Mufeng
Bitcoin touched a low of 68884 in the early morning, then rebounded near 70500. The current rebound is only a short-term technical correction. Before effectively breaking through the resistance of 71500-72000 above, we should not expect a reversal. Since falling from the highs this week, multiple rebounds have encountered strong resistance, with bulls unable to mount an effective counterattack. Price maintains low-level consolidation, and the overall trend remains bearish.
Therefore, intraday trading suggestion: Enter short positions near the rebound resistance level.
Trading Strategy
Bitcoin: Short in the 71000-71500 range, target 68500
Ethereum: Short in the 2175-2200 range, target 2050