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3.22 Early Morning Market Analysis
Looking at the 1-hour chart, Bitcoin has broken down from its high of 71342.2 with volume, breaking through all moving averages, which are arranged in a bearish alignment. Rebounds face continuous pressure, with insufficient bullish momentum. The price low points continue to decline, falling from the 70,000 range to around 68,000, with a minimum touch of 67300. Rebound highs are correspondingly narrowing, forming a standard descending channel.
Currently in weak consolidation, with minor technical rebounds unable to break through key resistance. Bears are in control.
Overhead Resistance: 68900–69500
Support Below: 67300
Breaking below support will lead to further downside exploration. Overall trend is bearish.
Trading Suggestions
Short 68900–69500
Target: 67300–66800#创作者冲榜 $BTC $ETH