March 27 Morning Analysis



Bitcoin has fallen back from the 71,999 high point, breaking below the MA7, MA30, and the middle band of the Bollinger Bands. The moving average system has formed a bearish alignment, indicating a clear short-term weakening trend.

Currently, the price has rebounded to around 68,829, facing obvious resistance from the EMA7. The KDJ indicator remains in the low range, with insufficient rebound strength, and the bearish momentum has not been fully released.

Structurally, the chart shows a downward pattern of "lower highs and lower lows," with no signs of stabilization. The likelihood is that the downward trend will continue, and it is recommended to maintain a high-short strategy.

Trading suggestion: 69,300-69,800 range, with targets at 67,300-67,800.
BTC-2,49%
GT-1,78%
ETH-3,55%
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