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Thursday, March 26 Evening Market Analysis
Bitcoin continued its decline from early morning, reaching a low of around 69,157. Based on the current market situation, the intraday bearish trend has not been effectively stabilized above the 70,000 level, and the downward momentum for the day has been fully validated and played out.
From the four-hour chart, the current price is supported by the lower band of the Bollinger Bands, with a slight rebound. Focus on the support at the 68,600 level below. If this area is broken, there is still room for further decline. If not broken, continue to adopt a high short and low long strategy within this range!
Trading Suggestions
Bitcoin: Buy near 69,800, target 71,000
Ethereum: Buy near 2,020, target 2,200