March 26 Evening Bitcoin Outlook: Bearish signals are dense, and rebounds are opportunities to short

From the current market situation, Bitcoin has yet to effectively stabilize above the 70,000 level, and intra-day long and short positions were regrettably stopped out.

Short-term bearish signals are intensifying, with moving averages turning downward collectively and the Bollinger Bands widening. The bearish momentum continues to expand, market selling pressure significantly increases, and bottom-fishing funds are reluctant to enter.

Going forward, focus should be on the support level at 69,000. If this zone is effectively broken downward, there is still room for further decline. We will continue to monitor the stability of this area.