Market Outlook

Rebound at the key level of 65,200, waiting for the US stock market to open on Monday for a reaction
There was no significant market movement over the weekend, so no updates. Hope everyone had a rest. Currently, some noteworthy market activity has appeared on Monday.
In our Friday’s view, we considered 65,200 as a key support level. This morning, after CME opened, the market declined to touch 65,200 and then rebounded quite noticeably, currently back up to the 66,500 range.
Seeing a strong rebound at this critical level is quite favorable for the bulls.
The next question is whether the rebound can continue.
The US stock market broke below the 6,500 support level and continued to decline to 6,368. Over the weekend, there were no significant positive news like last week, so the market did not rebound strongly. After CME opened, it was around 6,373.
Goldman Sachs’ forecast is a bottom at 6,300, and we are close to that level now. If Goldman Sachs’ prediction is accurate, the market may be nearing a bottom.
However, if we replicate the trade war pattern from 2025, it seems there could still be a sharp decline from April 3-7. From February 20 to March 31, the market fell a total of 10%, and from April 3 to 7, it fell another 10%. The steepest decline only occurred in the last few days. If the situation is similar, there might be another quick and sharp drop in early April, ending this correction.
If this pattern occurs, we can mark the key date of April 7.
The support below the coin has not broken yet, which is very different from March/April of last year. If today’s bottom is confirmed at 65,200, then even if there is another decline in early April, the coin might not fall below 63,000. After the correction ends, a rebound along with the US stock market is highly probable.
Finally, a brief comment on the news.
The US’s special military operation has been ongoing for four weeks. Normally, such operations should last within 8 weeks. Therefore, I believe it could end before the end of April, if not sooner.
This article is sponsored by #BCGAME｜@bcgame @bcgamecoin