Crypto Academy Scholars: Bitcoin High-Level Pullback Confirmed on 3.20, Wait Until at Least 68000 for Bottom-Fishing! Latest Market Analysis and Strategy Reference

Bitcoin current price 69700, this BTC sharp decline is not the end of the world, but it is absolutely not a good time to bottom-fish! Many people panicked falling from 75998 to 68750, either holding stubbornly or randomly buying the dip. Remember trading is first about preserving capital, then profiting. Following the southbound trend now is more reliable than gambling on rebounds! Currently BTC's southbound trend has formed resonance across daily, 4-hour, and 30-minute timeframes. Holding positions trying to go north will only lead to deeper losses. Friends with empty positions should prioritize following the southbound trend, don't think about bottom-fishing for bargains. Preserving capital is always more important than stubbornly holding and waiting for recovery!

Daily timeframe topped out, southbound trend confirmed. K-line pattern shows dark cloud cover combined with consecutive bearish pullback formation. Trend broke through key support at 74000. Currently trading below Bollinger Band middle band, with bands opening downward confirming short-term top signal. MACD indicator red columns rapidly turning green, DIF and DEA death cross downward. RSI pulled back from highs to around 40, indicating bullish momentum completely exhausted, southbound movement begins taking full control of the market. Support at 69000, if broken will further probe 68000 or lower.

4-hour broke through 70000 level, weak shock pattern difficult to change. Brief stabilization near 69000, currently in weak shock oscillation. EMA lines form bearish alignment, price firmly compressed below middle band. Any rebound is a bull trap, absolutely not a reversal signal. MACD green columns continue expanding. RSI dropped to around 25 in oversold zone. Although oversold rebound expected, momentum likely limited, difficult to change weak pattern. Focus on upside resistance 70200-70500, downside key support 68800-69000. High probability of range oscillation, trend continuation downward after breaking levels.

Short-term strategy reference: Markets have no 100% certainty so must set stop-loss. Safety first, small losses for big gains is the goal.

Downside 68800 to 69000 going north, stop-loss 68500, targets 69800 to 70000. This is betting on oversold rebound, not trend-following long. Recommend controlling position size, tight stop-loss quick entry quick exit! Never hold too long.

Upside 70200 to 70500 going south, stop-loss 71000, targets 69500 to 69000. If price breaks 69000, continue watching 68500 to 68000.

In crypto, the first-movers eat meat, the followers drink soup, and the clueless receive the bags.

Actual operations follow real-time market data. For more information details contact the author. Articles have publication delays, suggest reference only, risks self-assumed #美联储维持利率不变 $BTC