❤️ March 31st Kunpeng BTC Market Analysis: A Big Perspective on the Cryptocurrency World: February's Bottoming Phase Coming to an End, Warming Up Expected in March?

Good morning on Monday! Since Teacher Kunpeng recorded the video, the market has shown a pullback trend. During the previous rebound phase, we repeatedly reminded that it is too early to determine that the market has reversed, and one should avoid blindly chasing the rise. At the same time, we suggest everyone look for the right moment to close out bottom positions. Currently, this pullback belongs to the expected four-hour level of retracement, which aligns with normal market behavior.

Previously, we analyzed that throughout the lunar month of February, the market was in a phase of bottoming repair and seeking the bottom. Now, the lunar month of February is about to end, and the lunar month of March is approaching. Based on predictions, the subsequent trend will gradually warm up, and the overall performance will be better than that of the lunar months of January and February. Of course, this does not mean that as March enters, the market will immediately rise; the market's recovery and bottom-seeking need a process. The most difficult phase of the market is about to pass, but from the trend, altcoins are expected to gain momentum only in the second half of the year. This also aligns with the market pattern where Bitcoin rises first, followed by funds rotating into altcoins.

From a daily technical analysis perspective, Bitcoin's second pullback after the previous rebound has not yet concluded. The drop below 85,000 on the 28th marked the beginning of this pullback. The strength of this pullback is crucial. Ideally, there should be a relatively weak lower low drop, or a secondary bottoming. If it drops below 80,000 but does not fall below 70,000, it could form the last drop of the daily trend, which would be an excellent entry opportunity this year.

It is particularly important to note that this drop must not fall below 70,000. If it does, the market will not show divergence. Even so, it will only extend the adjustment cycle; when retracing to last year's daily center, strong support will still be obtained.

Given the uniqueness of this cycle's market, we will make short-term and long-term plans and predictions for market trends every month. We hope everyone can make reasonable investment decisions based on their own risk preferences and not lose confidence. Additionally, we remind everyone not to be unprepared traders. Simply lying flat, without learning or preparation, will ultimately prevent you from achieving the results you want.