3.19 Evening Analysis

From the 1-hour chart perspective, the bearish trend has completely dominated, with a clear downward channel. Price has continuously dropped with large bearish candles from the high of 74767.60, effectively breaking through all short-term moving averages. The moving averages are in bearish alignment and continue to diverge downward, forming layered resistance; although there are minor rebounds, they lack strength and have consistently failed to break the previous high, with price testing lower again. Bearish momentum shows no signs of exhaustion.

The intraday low touched 69433.60, having lost the key psychological level of 70000. There is no obvious strong support below, opening up further downside space; price is running close to the Bollinger Band lower rail, with rebounds being quickly pushed back. Market sentiment is bearish, short-term rebounds lack strength, and the probability of continued downside movement is high.

Operation Reference: Follow the trend and look for selling opportunities, watch for resistance at 70500-71000 above, and look toward support around 69000 below.

$BTC $GT $SOL