3.8 Morning Market Analysis

Last night, the price dropped all the way down from above 68,000, reaching a low of around 66,880, a decline of over 1,000 points.
Currently, it is slowly climbing back to around 67,300, which is a small rebound correction stage after a sharp decline.

The Bollinger Bands are now below the middle band at 67,540, indicating a short-term bearish trend; the lower band is at 67,023, which is a relatively close support level; the upper band is at 68,057, serving as a resistance level for the rebound.

Overall trend: yesterday’s large bearish candle broke the short-term upward trend. Since it has not yet returned above the key resistance level, the current pattern remains a weak sideways consolidation.

Trading Suggestions:

The core strategy remains focused on high leverage. After the rebound stabilizes around 68,000-68,500, consider entering with a light position. Watch for a potential move down to the integer support at 67,000; if broken, then look at 66,600 → 66,000$BTC $ETH #加密市场小幅下跌