3-21 Early Morning Market Analysis

Yesterday's short positions were executed with precision, with profits taken across the board and notifications sent in a timely manner. Friends who kept up with the pace achieved excellent gains. Lao Guo demonstrates strength through market performance!

The Federal Reserve maintains a hawkish stance with delayed rate cuts, compounded by Middle East geopolitical disturbances, resulting in weakened market risk appetite. BTC rebounded to around 70500 but faced pressure and pulled back. The 1-hour moving averages show a bearish arrangement, with the short term merely representing weak recovery. If 70000 support is broken, further downside exploration will occur, with particular attention to the effectiveness of 69300 support.

Operation Suggestion: Short in batches at 71000-71500, target 68500-69000 vicinity