3-23 Morning Analysis



From the 4-hour level, the market continues to close bearish and test lower levels, with a clear short-term downtrend. The key support level of 67300 from earlier periods has been tested, and although there is currently a rebound, volume continues to remain weak without forming an effective reversal pattern. This is only a technical weak rebound and not a reversal signal.

Comprehensive Assessment:
Weekly bearish divergence at the top, daily top pattern confirmed, 4-hour downtrend channel formation + weak rebound on low volume. All moving averages broken below, price center of gravity continuously shifting lower, overall structure shows weak momentum.

Bearish bias remains unchanged; arrange short positions accordingly.

Trading Recommendations:
For BTC, arrange short positions in batches in the 68500-69000 range with targets near 66500-67500. If broken, continue looking lower to 66000.
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