3.9 Evening Market Analysis and Trading Recommendations

Macroeconomic pressures dominate, with high volatility, closely watch key support levels!

The ongoing escalation in the Middle East situation has driven up oil prices. Coupled with the surprising non-farm payroll data, market stagflation fears have sharply increased. U.S. stock futures took a heavy hit before the market opened, and global risk appetite has significantly cooled. Internal disagreements within the Federal Reserve have widened, delaying expectations of interest rate cuts again. Liquidity easing expectations have loosened, and high-valued risk assets remain under continuous pressure.

Bitcoin 1-hour chart surged to 68412.90 before facing resistance and pulling back. Currently, it is being suppressed around 68000, with MA7 and MA30 forming short-term bearish pressure. The 68500-69000 range has dense short positions, making a rebound breakthrough very difficult. The core support at 67000 is critical; once broken, it is highly likely to trigger a series of long liquidations, further opening the downside space.

The three major U.S. stock indices are expected to open lower and trend downward, with declines possibly exceeding 1.5%. Risk aversion dominates the overall market. Bitcoin will maintain a strong correlation with U.S. stocks and decline accordingly. Tonight, focus on whether the 67000 support holds; if risk assets continue to weaken after the market opens, Bitcoin is likely to test the 66500-66000 range.

Trading Recommendations

During rebounds to 69500-70000 and above, gradually build short positions, targeting 67900. If broken, continue to watch 66500. Strictly manage risk, follow the trend, and avoid fighting the market. #比特币重回跌势 #哈梅内伊之子当选伊朗领袖 $BTC $ETH