2026-03-31 06:24:05

3.31 Afternoon Market Analysis

From the 15-minute chart perspective, Bitcoin initially surged to 68,388.9 as planned, then faced resistance and pulled back. The strong resistance zone above 68,000 was fully validated, and the short-term high-altitude short positions at 67,800-68,300 were perfectly executed.

Currently, after the rally, the candlestick bodies are narrowing, and upper shadows are appearing frequently. Each rebound is quickly suppressed, indicating that bullish momentum is clearly weakening. The larger-scale bearish structure remains unchanged, and rebounds continue to be opportunities for shorting. Around 68,000 remains a strong short-term resistance, with key support levels at 66,800-66,500; the secondary token follows the trend, maintaining a strategy of mainly shorting at high levels and taking small long positions at lower levels.

Trading Recommendations

Bitcoin: Short around 68,000-68,600, target 66,000√, if broken, then look at 65,500
Secondary Token: Short around 2085-2105, first target 2000√, if broken, then look at 1950

BTC-1,56%

ETH-1,44%

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