3.26 Bitcoin Morning Analysis

From the 4-hour timeframe perspective, the price bounced to test the Bollinger Band midline but faced pressure and quickly pulled back. The Bollinger Bands opened downward with a downtrend channel officially established, marking the failure of this rebound breakout attempt. Short-term moving averages formed a death cross and continue to diverge downward, confirming the bearish arrangement structure. The price remains under pressure below the moving averages with significant suppression effect from the moving average lines.

After the MACD death cross at high levels, bearish momentum gradually increased in volume as the market extended its downtrend. Oscillating indicators such as RSI simultaneously entered the weak zone, and bullish rebound momentum has been completely exhausted. Currently, the bearish side fully dominates the market. Operationally, the core strategy should focus on selling into rallies; avoid blind bottom fishing.

Operation Suggestions

Sell in batches in the 71500-71800 range. Short-term target around 69500-70000 nearby. If this level breaks, further downside toward the 69000 support level is possible.