March 23 Morning Market Analysis

The current market remains in a weak structure, with Bitcoin continuously creating new lows and rebound strength being extremely limited. Looking at short-cycle charts, the price action shows a typical step-down compression pattern, with consolidation levels gradually declining lower. The bulls lack volume support, making it difficult to form an effective reversal in the near term. On the 4-hour chart, the Bollinger Bands are opening downward, with the middle band providing clear resistance, and price continuing to trade in the lower zone. On the indicator front, bearish signals remain in effect. For subsequent operations, focus on selling rallies on rebounds, following the trend accordingly.

Operation Suggestions
Sell short near 68400-69900 on rebound, target downside at 67200-66500, if broken continue to look lower at 65000.
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