3.22 Early Morning Market Analysis

**1-Hour Chart Analysis:**
Bitcoin has broken below all moving averages from the high of 71,342.2 on increased volume, with moving averages in bearish alignment. Bounces continue to face pressure, showing insufficient bullish momentum. Price lows are continuously declining, retreating from the 70,000 range to around 68,000, with a low touch of 67,300. Bounce highs are correspondingly narrowing, forming a standard descending channel.
Currently in weak oscillation, with minor technical rebounds failing to break key resistance. Bears are in control.

**Upper Resistance:** 68,900–69,500
**Lower Support:** 67,300
Breaking support will lead to further downside exploration. Overall trend is bearish.

**Trading Recommendation**
Shorting: 68,900–69,500
Target: 67,300–66,800#创作者冲榜 $BTC $ETH