3.11 Market Analysis: Bitcoin tests daily trend support, rebound with reduced positions focusing on short selling.

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1 day ago

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  BTC: This morning, it directly fell below the 80,000 mark, reaching a low of around 76,700. This position is also a key support level of the previous daily trend line. There may be a slight rebound at this level, but the strength may not be very strong. The key resistance above is around 83,800-84,000. If the daily level cannot stabilize above this position, there is a high probability of a second bottoming out.

ETH: It has already broken below the key effective support of 2,000. In the short term, it is undoubtedly a bearish trend, but this position is already in a severely oversold area, with a weak rebound expected in the short term, and resistance is around 2,030-2,050.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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