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March 26 Thursday Muufeng Morning Market Analysis
Yesterday's U.S. stock market was surprisingly stable. Bitcoin rebounded and faced resistance at 72,000, leaving short sellers with up to 1,500 points of room. In the early morning, the market mostly oscillated around the 70,500-71,700 range. The daily chart showed increasing bullish momentum with a positive close, gradually forming an upward trend. During the Asian session, focus remains on whether 72,000 can be broken. Until then, maintain a high-altitude short strategy for positioning.
Muufeng Recommendations:
Bitcoin: Short around 71,500-72,000, targeting 70,000-69,500
Ethereum: Short around 2,185-2,205, targeting 2,125-2,100