3.22 Big Bitcoin Midday Review - Bears Dominating, Rally = Shorting Opportunity

From the 1-hour perspective, Bitcoin has broken through all moving averages from the high of 71342.2 with volume, forming a bearish alignment of short and medium-term MAs. Bounce rallies are experiencing continuous pressure, with bulls showing insufficient momentum. Price lows are continuously declining, pulling back from the 70000 range to around 68000, with the lowest touch at 67300. Rally highs are simultaneously narrowing, forming a standard declining channel.

Current market structure maintains weak consolidation; minor technical bounces have failed to break key resistance, with bears completely dominating.

Key Levels

Upper strong resistance: 68900–69500
Lower core support: 67300
If 67300 breaks, further downside space will open, with overall trend still biased bearish.

Trading Suggestions

Short at 68900–69500 range
Target: 67300, if broken continue to watch 66500#Gate储备金报告 #特朗普向伊朗发出48小时最后通牒 $BTC $ETH