March 19 Morning

From the 1-hour cycle perspective, price has declined with volume from the highs, successively breaking through the lower Bollinger Band and multiple short-term moving average supports. The short-term bearish trend is fully established. Current weak rebound strength lacks momentum, with rebounds pressured throughout by moving average resistance. Volume continues to shrink, and rebounds lack dynamic support.

On the indicator level, although KDJ shows minor recovery, it remains below the 50 baseline and has not formed an effective reversal signal, merely representing oversold weak recovery. Price has refreshed the stage low at 70456, and the rebound has failed to reclaim the midpoint of the previous large bearish candle. Selling pressure remains heavy, with a higher probability of continued decline in the short term.

Operationally, focus on selling rallies. Using short-term moving average resistance levels of 71600-72300 to scale into shorts, watch the stage low of 70400 below, and if effectively broken, further watch for support at the 70000 round level. On a break below, watch 69000$BTC ‌$ETH ‌