3.26 Afternoon Bitcoin Market Analysis

Bitcoin has fallen back after reaching a high of 72,000, with continuous evening declines. It has repeatedly broken below the 70,000 level, completely invalidating the short-term bullish structure, and the market signals are densely showing a bearish trend.
Moving averages are collectively turning downward, and the Bollinger Bands are widening, indicating sustained bearish momentum. Throughout the entire rebound, there has been no volume support to follow through, and selling pressure in the market has significantly increased. The willingness of bottom-fishing funds to enter is low.
The current trend is clear; do not blindly bottom-fish or chase longs. Trading against the trend is very easy to get trapped. Stick to a strategy of mainly shorting on the upward moves.

Practical Trading Strategy
During the rebound at 71,000-71,500, gradually enter short positions, targeting 69,500-69,000. Strictly set stop-losses—risk control first, and steadily harvest trend profits.
Grasp the precise rhythm, avoid chasing or holding onto positions blindly, follow the strategy, and each trend wave can be profitably captured.