【March 30】Bitcoin / Altcoin Market Strategy Analysis

Brothers, after two days of grinding over the weekend, the market finally showed some movement in the early session. Bitcoin and altcoins initially dropped sharply—Bitcoin down to around 64,900, altcoins to about 1,936—then rebounded like a spring, both closing with long lower shadows. The long lower shadows indicate that there are buyers supporting the bottom, and the short-term support levels are solid. The quick rebound after a sharp decline is also beneficial for further market recovery.

Looking at the daily chart, the consecutive large bearish candles with high volume are typical of panic selling, indicating that the bearish trend remains strong. Although the latest daily candle also shows a long lower shadow, suggesting that the downward momentum has weakened somewhat, it only means “the decline is less fierce,” not “a reversal is imminent.”

The trend of altcoins is very clear: a short-term correction after a wave of decline. Traders who followed the strategy of shorting at high levels have mostly secured good profits. Currently, many traders are becoming impatient; as soon as they see a small rebound, they can't resist entering the market, which often leads to being caught in a trap.

Bitcoin Trading Strategy:
Buy around 66,700 with a stop at 65,800, target around 67,700
Short around 67,500 with a stop at 68,000, target around 66,500

Altcoin Trading Strategy:
Buy around 2025 with a stop at 1985, target around 2070
Short around 2050 with a stop at 2090, target around 1965