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3.26 Bitcoin Morning Analysis
From the 4-hour cycle perspective, the price rebounded to test the middle band of the Bollinger Bands but faced pressure and quickly fell back. The Bollinger Bands opened downward, officially opening a downward channel. This round of rebound breakthrough has failed. The short-term moving averages have formed a death cross and continue to diverge downward, confirming a bearish arrangement structure. Price remains suppressed below the moving averages with significant suppressive effect.
After the MACD high-point death cross, bearish momentum gradually expanded with volume. The market continues its downward trajectory, with oscillating indicators like RSI simultaneously entering a weak zone. The bullish rebound momentum has been completely exhausted. Currently, the market is completely dominated by bears. Operationally, the core strategy should be to short on rebounds at highs; avoid blindly buying the dip.
Operation Suggestions
Short in batches in the 71500-71800 range. Short-term target looking toward 69500-70000 nearby. If support breaks, further downside toward the 69000 level.