3.24 Bitcoin Morning Analysis

Yesterday Bitcoin completed 4 trades, harvesting a total of 22,200 in profits. The afternoon saw a rebound trap, and the evening declined as expected, precisely reaching the analytical target level. Our strength speaks for itself! If you can't understand the market or execute trades well, follow Lao Guo and you won't get lost.

Technical Analysis on Chart:
The technical picture has weakened comprehensively: the daily level has broken below the Bollinger middle band, the 70,000 round number support has been lost, and the short-term downtrend is confirmed. The 4-hour cycle has formed a clear double top structure with consecutive long upper shadows and three consecutive down candles. Rebounds lack volume and face clear resistance. MACD green histogram continues to expand, and bearish momentum is gradually strengthening. News-related fluctuations are merely short-term pulses and cannot change the technical breakdown pattern. The next market move will continue to focus on rebounds and shorting from highs as the core strategy.

Trading Recommendations:

Sell in batches in the 71,000-71,500 zone on rebounds, targeting 69,000-68,000 range. If a valid break below occurs, continue shorting toward 67,000.