3.22 Big Bitcoin Midday Review - Bears Leading, Rebounds Are High Shorts



From the 1-hour chart perspective, Bitcoin broke down through all moving averages with volume from the high of 71342.2. Short and medium-term moving averages have formed a bearish alignment, with rebound pressure continuing and obvious insufficient bullish momentum. Price lows continue to decline, falling from the 70000 range to around 68000, with the lowest touch at 67300, while rebound highs have narrowed in sync, displaying a standard descending channel.

The current market maintains weak oscillation, with small technical rebounds failing to break through key resistance, with bears in complete control.

Key Levels

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

Trading Suggestions

Short at 68900–69500 range
Target: 67300, if broken continue to watch 66500#Gate储备金报告 #特朗普向伊朗发出48小时最后通牒 $BTC $ETH
BTC-0,82%
ETH-2,13%
Lihat Asli
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