3.4 Wednesday Morning Deep Analysis of MuFeng Market

Reviewing yesterday's market, Bitcoin launched a strong push towards the 69,000 level in the early hours, but failed to break through the resistance. Subsequently, the price began to gradually decline, eventually dropping to around 67,778. From a technical perspective, the bullish rebound momentum is clearly insufficient and has not been effectively amplified. Additionally, there is significant selling pressure above, forming a strong resistance zone. Currently, the market is showing a sideways trend, with both bulls and bears stuck in a stalemate.
Based on the current market situation and trend characteristics, today's trading strategy remains primarily to go short at high levels, meaning when the price rebounds to a certain high point, consider opening short positions.
Trading Suggestions:
Bitcoin: Short around 68,500 - 69,300, targets 67,500 and 66,500.
Ethereum: Short around 1,990 - 2,030, targets around 1,930 and 1,850.