3.22 Bitcoin Midday Review - Bears in Control, Rally = Sell High



Looking at the 1-hour chart, Bitcoin broke down through all moving averages from the high of 71342.2 with volume expansion. Short-to-medium-term moving averages form a bearish alignment, with rallies facing sustained pressure and bulls showing insufficient momentum. The price's low point continues to decline, falling from the 70000 region to around 68000, with the lowest touch at 67300. The rally highs are correspondingly compressed, forming a standard downtrend channel.

The current market maintains weak oscillation, with minor technical rebounds failing to break key resistance levels. Bears are in complete control.

Key Levels

Upper Strong Resistance: 68900–69500
Lower Core Support: 67300
If 67300 breaks, it will open further downside space, with the overall trend remaining bearish.

Trading Recommendations

Short 68900–69500 zone at highs
Target: 67300, break level then watch for 66500#Gate储备金报告 #特朗普向伊朗发出48小时最后通牒 $BTC $ETH
BTC4,24%
ETH5,15%
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