3.30 Morning Analysis

From a technical perspective, Bitcoin's 1-hour chart shows a surge that broke below the lower Bollinger Band, breaking the previous high-level consolidation pattern. The price dipped to a low of 64,998. Moving averages are in a bearish alignment, and the KDJ indicator shows a death cross with downward divergence. Short-term bearish momentum is strong, with very weak rebound strength, indicating a clear downtrend.

On the news and market sentiment front, risk aversion has increased, with signs of capital fleeing the market. Bullish confidence has collapsed, and buying support is weak. Macro-wise, the Federal Reserve's policy expectations are tightening, the dollar is strengthening, which suppresses risk assets. Coupled with short-term negative news disturbances, this further promotes a bearish trend.

Overall, the combination of technical breakdown, pessimistic sentiment, and macroeconomic negative factors creates a resonance that currently shows no signs of reversal. Rebounds are opportunities to short, and the price is likely to continue downward. Attention should be paid to key support levels below.

Trading suggestion: 66,500-67,000, target 64,500-65,000.