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3.22 Morning Market Analysis
Looking at the 1-hour chart, BTC has broken below all moving averages on volume from the high of 71,342.2, with moving averages in bearish alignment. Rebounds continue to face pressure with insufficient bullish momentum. Price lows are declining sequentially, dropping from the 70,000 range to around 68,000, with a low touch of 67,300. Rebound highs are simultaneously narrowing, forming a standard descending channel.
Currently in weak consolidation, minor technical rebounds haven't broken key resistance levels, with bears in control.
Resistance Above: 68,900–69,500
Support Below: 67,300
Breaking below support could lead to further downside exploration. Overall trend is bearish.
Trading Recommendation
Sell: 68,900–69,500
Target: 67,300–66,800#创作者冲榜 $BTC $ETH