March 29 Market Analysis

Bitcoin continues its downward trend, weakening overnight and reaching a new low of $83,580 for this phase. The current price is hovering around $84,400, with a cumulative decline of over 4,000 points in the last 24 hours. Observing the daily level, the Bollinger Bands are continuously narrowing, and the price has effectively broken through the lower support.

Trading Suggestions:

Bitcoin: Establish short positions in the $84,500 area, target at $83,300

Ethereum: Build short positions at the $1,900 level, take profit at $1,860#比特币 #区块链