3.7 Morning Analysis



Weekend trading was light, with Bitcoin's 1-hour moving averages in a bearish alignment. The price has been consistently pressured below the short-term moving averages during the rebound, dropping from 73526 down to 67707, with lows continuously being refreshed. The rebound to around 68500 faced resistance again, confirming a clear downtrend.
Liquidity was relatively weak over the weekend, making volatility prone to amplification. In the short term, the main strategy remains to go short on rallies, which are seen as opportunities to short.

Trading suggestion: 68800-69300 range, target 66800-67300.
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