$BTC Crypto Circle Academician: Bitcoin drops again on 3.27! Those chasing the high are crying, while those shorting are laughing! The next target level is already clear! Latest market analysis and strategic reference

Bitcoin is currently at 68,300. Watching Bitcoin fall from 71,500 down to 68,200, is someone still patting their thighs? Either chasing the high and getting trapped above 71,000, or cutting losses below 69,000. Actually, the script for this market move has been written long ago. I previously provided a southbound strategy at 71,500, targeting 69,000. Now the price has already fallen below 68,500, fully confirming the judgment. The crypto market is never about luck; understanding the trend and strict execution are the keys to making profits when others panic.

Since the high point on the daily chart, the price has consistently been under pressure below the short-term moving averages. MA20, MA30, and MA60 form a complete downward arrangement, and mid-term upward momentum has been completely exhausted. After the MACD death cross, the green bars continue to expand, indicating increasing downward momentum; the Bollinger Bands are opening downward, with the price running along the lower band, confirming a clear downtrend. The 71,000 level has shifted from support to strong resistance. The first support below is 68,000; if broken, further targets are 65,000 to 59,800. The daily trend remains downward.

The four-hour chart has broken below the converging triangle's lower support at 69,000, confirming a downward breakout, with the trend fully turning south. The price is under pressure below MA20 and MA30, forming a downward arrangement of short-term moving averages; after the MACD death cross, green bars continue to grow, with DIF and DEA moving down in sync, indicating strong downward momentum. The Bollinger Bands are opening downward, with the price running along the lower band, confirming a clear downtrend. The short-term resistance is at 70,000, and the first support is at 68,000. The four-hour trend remains downward.

Short-term strategy reference: Follow the larger cycle trend, with quick stops and quick entries/exits

From 68,300 to 68,000, aiming north, stop-loss at 67,800, target 69,000 to 70,000, cautious northbound

From 69,000 to 70,000, gradually heading south, stop-loss at 70,500, target 68,500 to 68,000, if broken, continue down to 65,000 to 60,000

The crypto market has always been about the early prophets eating the meat, the latecomers drinking the soup, and the unaware taking the bait. ‌#加密市场回涨