March 31 Morning Bitcoin Analysis

Currently, Bitcoin is trading within a narrow range around 66,500. Although the bulls have shown some willingness to recover recently, trading volume and capital support are insufficient, and a trend reversal has not yet formed. It is unlikely to break out of a one-sided upward trend, and blindly bottom-fishing or aggressive chasing carries high risks.

Today’s main strategy remains to sell on rebounds, while also considering key support levels for light positions and opportunistic trades.

• Resistance above: 67,500-68,500 is a dense trading zone with significant selling pressure. When a clear rejection signal appears, consider gradually opening short positions, strictly controlling position size and stop-loss levels.

• Support below: 66,000 is the short-term dividing line between bulls and bears. If it stabilizes, try small long positions; if it breaks below and cannot quickly recover, the downward space will continue, with the first target around the 65,000 level.

Trading approach should follow a principle of small, incremental positions with strict risk management, avoiding fighting the trend or going against the market, and responding flexibly to market movements.
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