$BTC Crypto Analyst: Bitcoin Converging Triangle Breakpoint Opens on 3.25, Breakout is a Trap, Breakdown Means Collapse! Latest Market Analysis and Trading Reference

Bitcoin currently at 69500, so should we bottom-fish now or continue shorting? I'll be direct: the major cycle bearish structure hasn't broken, this is just weak consolidation. Blindly buying the dip will only lead to repeated shakeouts. Following the trend to short is the stable profit strategy! BTC's major cycle bearish trend remains intact, the converging triangle just gives us better short entry points. Don't get carried away by a few small bullish candles!

Daily downtrend remains dominant, rallies are just corrections. Overall movement stays within the downward framework. After BTC dropped from the 75998 high, it bounced to Fibonacci 0.786 resistance at 74011 and encountered resistance to fall back. Currently grinding at the bottom near 69300, which is technical recovery after oversold conditions and hasn't broken the prior descending trendline. Although MACD green bars are contracting, DIF remains below zero, indicating insufficient upside momentum while downside remains dominant. Price is pressured below MA20 and MA30, with MA60 continuing to push down. The bearish moving average alignment remains unbroken, and the major cycle trend remains bearish.

Four-hour converging triangle nearing completion, trend reversal imminent. Price pulled back from the 71789 high with progressively higher lows and progressively lower highs, forming a converging triangle consolidation pattern with continuously narrowing fluctuation ranges. The breakpoint window has opened, MACD red bars continuously shrinking, DIF and DEA showing death cross signals, indicating upside momentum is weakening while downside forces are accumulating. Triangle upper resistance at 71000, lower support at 68800. A break of either edge will trigger trending movement.

Short-term trading reference: Align with major cycle trend, tight stops with quick entries and exits

Below 69000 to 68500, scale in upside with 68000 stop-loss, target 70000 to 71000

Above 71000 to 71500, scale in downside with 71800 stop-loss, target 70000 to 69500. If price breaks below 69500, continue watching 68500 to 68000

In crypto, the early birds get the profit, the followers get crumbs, and the late arrivals take the bag.

Actual operations should rely on real-time order book data. For more details, feel free to contact the author. Articles have publication delays. This is for reference only—trade at your own risk.#Gate正式接入Polymarket ‌#加密市场回涨