3.23 Monday Morning Latest Bitcoin Strategy - Follow the Downtrend in Bear Market Conditions

A new week, a fresh start, wishing everyone good luck!
During the weekend phase, although market volatility was slow, it still provided certain opportunities. Those who grasped the short-term long/short swings achieved double profits. Following yesterday's continuous shock and decline, bears showed strong strength again, with the price dropping to the 673 region at its lowest, currently oscillating around 680.

On the 4-hour chart, the Bollinger Bands are diverging downward while the downtrend channel remains intact, with moving averages and various indicators all showing bearish alignment. On the hourly chart, after Bitcoin surged and faced pressure at 710, it has retreated with consecutive bearish candles, displaying clear bearish formation on the short-term level. Currently, no rebound signs are observed across all timeframes, so in the bear downtrend, simply following the trend is the way to go.

For the early morning Bitcoin reference: Short around 683-688, targeting 665-650 zone.