3-21 Morning Market Analysis

Yesterday's short positions executed with precision, all profits secured and locked in. Notifications were sent out timely, and friends who kept up with the pace enjoyed great gains. Lao Guo demonstrates strength through market performance!

The Fed's hawkish stance continues, rate cuts are being delayed, compounded by Middle East tensions weighing on market risk sentiment. BTC rebounded to around 70,500 but faced selling pressure, with 1-hour moving averages showing bearish alignment. The near-term rebound is only a weak correction. If 70,000 support breaks, further downside will be tested, with focus on the validity of 69,300 support level.

Trading Recommendation: Scale short entries at 71,000-71,500, target 68,500-69,000