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$BTC 📊 March 30 Bitcoin Market Analysis & Strategy (Bearish)
BTC 🪙:
Short-term rally to 67487.7 faced resistance and pulled back. Current price is 67224.0. The upper band of the Bollinger Bands at 67172.1 acts as a short-term resistance level, and the middle band at 66349.2 is a strong support level; although the MACD red histogram is still expanding, its slope is slowing down, indicating waning bullish momentum. Overall, the pattern is a rally followed by a pullback.
If the price is pressured below 67500, it will test the upper band at 67172.1. A break below that opens further downside space, targeting the 66500-66300 range. If the rebound fails to break 67400, the short-term trend will continue to oscillate downward, with strong support at 66000.
🎯 Bitcoin Strategy (Bearish)
• Short entry zone: 67400-67300
• First target: 67000
• Second target: 66500
• Stop loss: 68000