3.23 Bitcoin Operation Analysis

Success on the path is not crowded because not many people can persevere to the end. When you want to give up, please tell yourself to hold on a little longer, because often it's this little bit of persistence that brings you one step closer to your dreams.

Currently, the daily chart shows a bearish cloud cover pattern with consecutive down days, MACD death cross pointing downward, RSI entering the weak zone, with bears dominating the trend. The 30-day moving average has shifted from support to resistance, with price trading below the moving average. Rebounds lack volume support. The 4-hour chart shows a clear bearish arrangement, with EMA7/EMA30 forming a resistance band, and price continuously trading below the midline. MACD green histogram maintains expansion, rebounds have touched the midline multiple times but retreat each time, with bulls unable to mount effective counterattacks. Hourly chart: oscillation structure moving downward, each rebound lower than the previous high, resistance layers progressively increasing, typical weak downtrend characteristics.

Operation Recommendations
Bitcoin 68500-69000 short, add on 1000-point rebounds, stop loss at 70500, target 66500-67000. #Gate13周年全球庆典