3.29 Evening BTC Analysis


4-hour KDJ golden cross, RSI rebounds from low levels, bearish momentum weakens. After yesterday's sharp decline, panic sentiment is easing. A bottoming signal appears on the 4-hour chart, indicating a short-term rebound is needed.
Trading suggestion: Around 65,800-66,300, target 67,500, 69,000
$BTC #比特币震荡走弱
BTC-0,35%
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Wanqiantangvip
· 2h ago
Tomorrow is Monday. Currently, the crypto market's fear index has reached 9, the lowest this year being 5, indicating extreme fear sentiment. What should we pay attention to after the market opens tomorrow:

First, monitor liquidity during the Asian session; before the data releases, the market may continue to fluctuate within a narrow range. Position management is very important, especially leverage — in low-volatility environments, sudden events can easily trigger stop-losses.

Second, geopolitical tensions (related to the Middle East) and yield pressure are still present. The market is waiting for these data points to provide clear direction.

Third, from March 30 to April 2, the Ethereum community conference may discuss technical upgrades.

Finally, crypto market news over the weekend has been relatively calm, but Mondays often see volatility due to the "weekend effect."

Technical analysis:
BTC needs to hold the $65,000 support level (around the 200-day moving average). If broken, it could further test around $60,000; resistance above is at $69,500. $72k
ETH is relatively more resilient, benefiting from staking/ETF inflows, but overall macro data should still be watched. Institutional ETF inflows continue to provide some buffer, but retail sentiment remains cautious.
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