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Friday, March 27th Morning Bitcoin Latest Outlook
Yesterday, the overall market was predominantly bearish, with prices fluctuating downward during the day, continuing to decline into the evening, and hitting a low of around 681 in the early hours before rebounding from support. Currently, prices are consolidating around 687.
At present, the bearish trend is clearly visible. On the four-hour chart, after continuous volume expansion, Bitcoin also broke below the middle and lower bands. Although the short-term bearish momentum is strong, it has yet to reach the previous support level around 673. Therefore, do not overextend in short positions now; wait for a rebound opportunity before entering new shorts.
In the morning, Bitcoin rebounded to around 695. Consider shorting in batches near 700, with support levels at 670-660 below.