3.21 Big Cake and Auntai Intraday Thinking

Yesterday, Xiao Zhugeliang already explained it clearly - if 69000 and 2100 levels don't break, the phase-level low is basically established.

Over the past two days, US stocks have continued to weaken, but the overall crypto market is under limited pressure, and its resistance to decline is already evident. Conversely, the market is filled with bearish sentiment, and such unanimous expectations are often not a good signal.

Here Xiao Zhugeliang needs to emphasize one point: the big trend remains bearish in my view, but the small-level structure has already turned bullish. The current market action is not a trend reversal crash, but rather a technical correction phase following the decline.

From the 4-hour level perspective, price is exactly retesting the trend line support around 69000, verified multiple times without breaking, indicating sufficient support below and providing a foundation for a short-term rebound.

If the rebound continues, I believe price will likely test the 74000 region above. However, it should be noted that this level previously was the starting point for volume-accelerated decline, with obvious selling pressure and liquidity void above. It will be difficult to establish effective support.

Therefore, in terms of rhythm, I'm more inclined toward: rebound first, test resistance, false breakout, then pullback. This is not a position to short, but rather a trading zone within the rebound.

Personal Suggestions:
Big Cake: Enter long at 7w-69500, targets up at 71500, 72000, breakout target at 74000
Auntai: Enter long at 2130-2100, targets up at 2180, 2200, breakout target at 2280
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