3.7 Bitcoin Analysis and Future Outlook

In early 2026, Bitcoin opened around 87,500. As of March 7, the current price is 67,938, representing an approximate 22.4% decline for the year, with a significant pullback from recent highs. This is the worst start to the year in history! This week, it retreated from the high of 74,030, with a maximum decline of about 8.23% within the interval and a weekly drop of 4.31%.
Following positive developments from the White House Crypto Summit, selling pressure has emerged. The Federal Reserve's rate cut expectations have been delayed, suppressing risk assets. ETF fund outflows have led to a weak rebound. Historical patterns show that deep corrections often mark turning points for institutional accumulation. Currently, focus should be on the effectiveness of the 68,000 support level and Federal Reserve policy signals, strictly controlling leverage, and waiting for clear trend reversal signals.
The 4-hour chart has broken below the MA7 and MA30 moving averages, indicating a clear bearish trend; the KDJ indicator is oversold, suggesting a short-term rebound is possible, but no reversal signals are present.

Long-term trading suggestions: For a rebound above 70,000, open a short position; consider adding to the position if it exceeds 3,000 points, with an initial target of 5,000 points! If broken, continue to look toward the previous low of 60,000!
Ethereum rebounds above 2,200, open a short position; first target is 2,000, and if broken, look toward the previous low of 1,834. $BTC $GT $ETH