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3.2 Monday Morning Market Analysis by Mufeng
Good morning on a new week! After the market rebounded to around 67,300 in the early hours, the bears gained momentum, causing the price to fall back to around 65,000. The overall trend remains consistent with Sunday, continuing to fluctuate within the range.
Yesterday, Mufeng placed short positions near the overhead resistance of 67,500 and successfully gained over 3,000 points of profit. The strategy for today remains unchanged: before breaking through the resistance level above, rebounds are still the best opportunities to short.
Trading Recommendations
Bitcoin
Short near 67,200–67,800, target 65,700–64,700
Ethereum
Short near 1,970–2,000, target 1,930–1,880