Coin Circle Mr. Coin: 3.22 Bitcoin (BTC) market analysis reference) On the 4-hour level, after this wave of decline, a K-line with a long lower shadow was formed, with obvious buying support at the 68237 position. Although the daily chart shows three consecutive down days, the lower shadow of the latest K-line is also quite long, indicating that as the bears pushed down, there is beginning to be absorbing buying power below, and the downward momentum has weakened somewhat. From a technical indicator perspective, both the 4-hour and daily MACD are still below the zero axis, but the histogram is already contracting in volume, suggesting that bearish strength is exhausting, and there is a need for a short-term technical rebound. The moving average system is currently still in bearish arrangement, with price trading below all EMA lines, but the current deviation has reached around 5%, and the short-term divergence rate is relatively large, with technical expectations for upward correction. From a volume perspective, after the 4-hour level's early volume-driven decline, this wave of rebound is on contracted volume, suggesting that funds' willingness to chase highs is still not strong, but at least the bears are not hammering down the price further. It's more evident on the daily level, where trading volume over the past three days has gradually decreased, transitioning from volume-driven decline to contracted stabilization, with selling pressure gradually lightening—this is a positive signal. Overall, the 68237 support level is temporarily holding, bearish momentum is weakening, and combined with the large deviation requiring correction, a rebound wave is likely in the short term. However, this rebound is currently still in a contracted state, and the height should first check if it can re-establish itself above the 4-hour EMA7 line; a stable stance is needed for the rebound to have continuity. See you tomorrow. Follow Mr. Coin for real-time market analysis. 3.22 Bitcoin short-term reference: 70500-71500 range fight, defense 74500 supplement, stop loss 500 points, target 70000 below 68300-67300 range many, target 69500 above, stop loss 500 points. Sending has delays, strategy suggestions are for reference only, market conditions change rapidly, no matter how confident the market judgment is, stop profit and stop loss must be set, cash out for security#Gate13周年全球庆典 #TradFi首创多倍杠杆 #加密行情震荡 #创作者冲榜 $BTC $GT $ETH