3.9 Morning Market Analysis and Trading Recommendations



From the 15-minute chart, after spiking to 68167, the price steadily declined, reaching a low of 65641. This is a typical false breakout shakeout, but market sentiment remains extremely unstable.
The middle band of the Bollinger Bands at 67018 has become a strong resistance, and the price has been oscillating below the middle band. Bullish rebounds are weak, and the downtrend is clear.

On Monday, avoid chasing longs on Silk Road, do not catch the bottom, and sell on rebounds. Follow the trend to sell, prioritize stability, and avoid panic buying!

Trading Recommendations
Bitcoin: Lightly sell on rebounds to 68000–67500, with targets at 65500→65000. If support breaks, look towards 63000→60000.
Altcoin: Lightly sell on rebounds to 1965–1950, with targets at 1900→1885. If support breaks, look towards 1825→1780.
BTC1,49%
ETH3,23%
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