On the 1-hour chart, BTC broke down through all moving averages with volume from the high of 71342.2, with moving averages in bearish alignment. Bounces continue to face pressure, and bullish momentum is insufficient. Price lows are continuously declining, falling from the 70k range to around 68k, with the lowest reaching 67300. Rebound highs are narrowing in sync, forming a standard declining channel.
Currently experiencing weak oscillation, with minor technical bounces failing to break key resistance levels, with bears in control.
Upper strong resistance: 68900–69500 Lower support: 67300 Breaking through support will lead to further downside, overall trend is bearish.
3.22 Morning Market Analysis
On the 1-hour chart, BTC broke down through all moving averages with volume from the high of 71342.2, with moving averages in bearish alignment. Bounces continue to face pressure, and bullish momentum is insufficient. Price lows are continuously declining, falling from the 70k range to around 68k, with the lowest reaching 67300. Rebound highs are narrowing in sync, forming a standard declining channel.
Currently experiencing weak oscillation, with minor technical bounces failing to break key resistance levels, with bears in control.
Upper strong resistance: 68900–69500
Lower support: 67300
Breaking through support will lead to further downside, overall trend is bearish.
Operation Suggestions
Short from 68900–69500
Target: 67300–66800#创作者冲榜 $BTC $ETH