3.8 Weekly Morning Latest Ideas

Many things are visible when encountered. Yesterday, it was clearly discussed that weekend volatility is limited and should be treated as a range. Entering a short position at around 68,500 on Bitcoin to target near 67,000, with a non-breakout and a quick reversal to go long in the short term. The market trend is perfectly in line with expectations—bulls and bears are fighting back and forth. Isn’t that exciting?

For today, the weekend market is in a consolidation and adjustment phase. I still don’t expect a one-sided move. First, focus on the support level around 67,000. If it cannot be effectively broken below, consider going long near this area. If there is an effective breakdown and downward movement, then pay attention to the downward momentum.

Overall, the current rhythm remains dominated by a bearish trend, but trading should not be too aggressive. In the morning, you can try going long near 67,000, targeting the 68,000-68,500 range. After a rebound, consider shorting again.