3.26 Bitcoin Analysis

From the 4-hour chart structure, the price quickly encountered resistance and fell back after testing the middle band of the Bollinger Bands upward. Currently, the Bollinger Bands show a downward opening pattern, and the downward channel has clearly formed. This rebound attempt has essentially failed. The short-term moving average system has formed a death cross and continues to diverge downward, establishing a bearish arrangement pattern. The price is continuously suppressed below the moving averages, indicating strong resistance pressure from above.

In terms of the MACD indicator, after the high-level death cross formed, bearish momentum is gradually being released, and the overall trend remains in a downward rhythm. Oscillating indicators such as RSI have also entered a weak zone, showing that the momentum for bullish counterattacks has been essentially exhausted, and the market is now fully controlled by the bears. Operationally, it is advisable to mainly layout short positions after rebounds; currently, it is not recommended to blindly attempt to catch the bottom by going long.

Operating Suggestions

Short in batches in the 71500-71800 range, with short-term targets focusing on the 69500-70000 zone. If the price continues to decline and effectively breaks through this level, attention can further shift toward the 69000 level. #Crypto #比特币