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3.23 Monday Morning BTC Analysis
The current BTC is in a stage of phased decline, with frequent large bearish candles appearing. When rebounds occur, the strength of bullish candles is weak with short real bodies, and buying support is insufficient.
Multiple probes of lower support levels, followed by brief stabilization and then continued decline, with bearish forces still dominant.
• Upper resistance zone: 69000–70000 nearby, if rebound is met with obvious pressure here, consider layering in short positions strategically
• Lower support level: 67,000 nearby, if effectively broken, it will open further downside room
After consecutive days of decline, the market is prone to technical rebound demand. If rapid upside breaks through, need to timely adjust short position strategy to avoid being trapped by rebound moves; meanwhile need to watch Fed policy, US stock correlation and other external news, sudden positive/negative catalysts may break the current technical trend.
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