3.22 Early Morning Strategy

Trend Review
From midnight to early trading, BTC displayed a "weak consolidation → accelerated breakout" pattern. At 8 AM, there was a sudden sharp decline forming a nearly 3000-point long lower shadow, with bears taking active action at key moments with decisive stance. Currently, price has rebounded to around 69,800, but momentum is weak and unable to recover the key resistance zone.

Technical Structure
The early decline pierced through the lower edge of the previous consolidation platform, confirming an effective breakout. After MA7 and MA30 death cross, bears maintain controlling position and continue exerting pressure; MACD fast line runs below zero line, and although momentum bars show contraction, there is no bullish divergence structure. Volume shows typical "volume increase on decline, volume decrease on bounce," exhibiting technical correction characteristics rather than trend reversal signals.

Key Levels
Upper resistance at 70,500-71,000 serves as the bull-bear dividing line; stable breakout above can reverse the trend. Lower support at 68,500-68,000 is the first testing zone after breakout.

Operating Strategy
Bears remain dominant, bounces face resistance. Maintain high short bias; conservative traders await price rebound to 70,500-71,000 zone for stall signals before opening positions, with focus on the effectiveness of 68,500-68,000 support below. #Gate13周年全球庆典