3.22 By Sunday Morning Bitcoin Strategy

Weekend market trading is light, overall dominated by consolidation with limited volatility range. Yesterday during the day there was narrow range fluctuation, with a slight rebound in the evening.

Four-hour Bollinger Bands continue to narrow, short-term upside is suppressed by the midline. Under range-bound conditions, the overall pattern remains dominated by bears. Hourly chart shows continuous bearish candles pulling back, after volume surge bearish candles further confirm the bearish pattern. However, weekend movements have low probability of being one-sided, so short-term participation is preferable. Currently Bitcoin is at low levels, should not chase the decline excessively. Intraday focus on rebounds first, then short after the rebound.

Short-term attention on 68000 support level. If it holds, rely on this area to go long and watch 70000 nearby. If the rebound doesn't continue, directly go short.