Crypto Coin Master: 3.23 Bitcoin (BTC)) Market Analysis Reference - 4-hour level, continuous bearish candles have pushed the price down from 68814 all the way to 67959, forming a very clear short-term downtrend channel. Key support is at 67300, the level of the previous low, which has been tested once. Currently, although the price has bounced back, note that this is only a test with no volume expansion and no reversal pattern. Switching to the daily chart, the large bearish candle on March 19 from 68750 to 69926 directly outlined the top contour. More importantly, over the next three days, the bulls didn't even touch the high of 71077, instead forming a classic secondary high reversal pattern - this is typical bull exhaustion. Looking at indicators, on the 4-hour MACD, DIF is already -845, breaking below zero axis, and bearish momentum is starting to transmit downward. On the daily MACD histogram, it accelerated from 142 to compress to -251, with the bullish defense line retreating. On the weekly level, a top divergence has been confirmed - this is a medium-to-long-term signal that cannot be ignored. The moving average system is even more intuitive. Price has now broken below all EMAs - the 7-day, 30-day, and 120-day levels are all breached. On the 4-hour chart, the area from 68000 to 70316 has formed multiple resistance zones. In other words, any bounce that can't break through this region should only be viewed as a counter-rally. Looking at volume, the sharp drop on March 22 was accompanied by 210,000 units of volume expansion, exceeding the 20-day average, which is standard volume-driven breakdown. Comparing to now, the 4-hour counter-rally has only around 20,000 units, less than one-tenth of the previous high volume - typical low-volume counter-rally. Overall, weekly top divergence confirmed, daily top structure confirmed, 4-hour in downtrend channel, low-volume counter-rally, all moving averages breached, key support repeatedly tested but failed to recover with volume. Currently still in a weak consolidation with downward momentum shift pattern. Operationally, bulls should wait for right-side signals, at minimum wait to stabilize above 68000 with volume breaking the resistance zone before considering entry. For bears, the strategy is to wait for counter-rallies near the resistance zone, combined with lagging signals, and follow the trend. Follow Coin Master for real-time market analysis. 3.23 Bitcoin Short-term Reference: 70500-71500 range resistance, defend 74500 target, stop loss 500 points, target 70000 below 66500-67500 range support, target 68500 above, stop loss 500 points. Note: Transmission may be delayed, strategy suggestions are for reference only. The market is constantly changing. No matter how confident your market judgment is, always use stop-profit and stop-loss orders, secure your gains#Gate13周年全球庆典 #TradFi首创多倍杠杆 #创作者冲榜 $BTC $GT $ETH