3-23 Early Morning Analysis

From the 4-hour level, the market has been continuously closing down and exploring lower levels, with a clear downtrend in the short term. The previous key support level of 67300 has been tested, and although there is a rebound currently, the volume continues to decline, failing to form an effective reverse engulfing pattern. This is merely a technical weak retracement, not a reversal signal.

Comprehensively speaking, weekly top divergence suppression, daily top pattern confirmed, 4-hour downtrend channel operation + weak rebound on low volume, all moving averages have broken down, price center of gravity continues to shift downward, overall structure runs weak.

Short bias unchanged, can deploy shorts at high levels.

Operation Suggestions

BTC: Deploy shorts in batches in the 68500-69000 range, targeting 66500-67500 nearby levels, and if broken below, continue looking toward 66000.