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"Market Analysis for March 30: Can the Bullish Army Restart the Bull Market?"
This weekend's market, the chief gave everyone two short positions to hold overnight, both of which paid off: Bitcoin at 67,288 and Ethereum at 2,033. The brief dip in the morning was quickly recovered, but there was no significant change in the overall structure. Today's key resistance levels are still worth monitoring; if the price can reach them, it could present a good opportunity for a short position. On the weekly chart, all previous bullish candles have been completely engulfed, and the bearish candle on the three-day chart has also engulfed the previous bottom pattern, indicating that the bulls' efforts on both the weekly and three-day charts have failed. On the daily chart, the trendline we've been discussing has also been broken, so we won't consider opening any long positions unless there's strong support. Better to be caught in a short position than to fall for a virtual scam!
$BTC In the short term, Bitcoin's trendline in the chart has moved up, with resistance at 68,200-68,400. Support levels are at 64,400 and 63,200.
$SOL For Solana, watch when the pressure at 85 will be broken and turn into support, then look at 88.4 and 90.6 as resistance levels. Support below is at 73.7.
$ETH For Ethereum, watch whether the resistance levels at 2,065 and 2,110 will cause a pullback. On the hourly chart, support is at 1,960; if the hourly close is below this level, be cautious of further decline toward support at 1,840.
In summary, the current market carries significant risks that bulls need to be aware of. Don't rush to chase longs at key resistance levels; sometimes, getting caught in a short position can be more profitable than being caught in a long. On larger timeframes, be alert for a new downward trend to emerge. (Follow the chief for daily market analysis and precise entry points. Long and short positions are for reference only. Strict stop-loss and take-profit are essential.)