3.26 Big Bitcoin Morning Analysis

From the 4-hour cycle perspective, the price rebound tested the middle band of the Bollinger Bands and then came under pressure with a sharp pullback. The Bollinger Bands opening is pointing downward, and the downtrend channel has officially opened. This round of rebound breakthrough has failed. Short-term moving averages have formed a death cross and continue to diverge downward, confirming a bearish arrangement structure. Price remains persistently suppressed below the moving averages with a significant restrictive effect.

After the MACD death cross at high levels, bearish momentum has gradually increased in volume, and the market continues its downward trend. Oscillation indicators such as RSI simultaneously enter a weak zone. The bullish rebound momentum has been completely exhausted. The current market is fully dominated by bears. Operationally, the core strategy is to sell on rebound highs; do not blindly chase bottoms.

Operation Suggestions

Short in batches in the 71500-71800 range. Short-term targets look toward the 69500-70000 area. If broken, further downside targeting the 69000 level.