March 29 Morning Bitcoin Reference:

Trend: Short-term bearish dominance, daily chart leaning bearish
Key Levels:
Resistance: 66,800–67,300
Support: 65,500–65,000
Logic: Whether short-term or mid-term, the trend is downward. All moving averages are in a bearish alignment, pressing down. The lower band of the Bollinger Bands is opening downward, indicating the downward channel has already opened. MACD below the zero line suggests bearish momentum is still strong, with no reversal. ETF funds are flowing out, institutions are reducing positions, large funds are not buying but selling. The rebound lacks volume, and no one dares to chase the rally. Above 67,000 is full of trapped traders; a rise often triggers sell-offs.
Above 67,000 resistance is very strong, and it’s easy to be pushed down once reached.
Trading Suggestions: Entry: 66,800–67,000 with a light position to try shorting
Add to short: 67,300 upon encountering resistance (total position ≤10%)
Target: 65,800–65,000