3.10 Bitcoin Market Outlook in the Morning

Yesterday, Bitcoin and altcoins experienced a short-term rally driven by news sentiment, but no effective breakout was formed, and the daily chart remains under clear pressure.
From the four-hour chart perspective, the price briefly broke above the upper Bollinger Band but quickly fell back, with a long upper shadow nearly engulfing the intraday gains. The rebound structure has been broken.

The market has returned to a four-hour bearish dominant pattern. Yesterday’s rise was more of an emotional impulse rather than a trend reversal. As positive news is gradually digested, the market returns to rationality, and bearish momentum is expected to regain control.

Overall, the structure shows dense resistance above and a lack of sustainability in the rebound. The current trend is more likely a technical correction during a downtrend, with the bearish trend intact and further oscillating downward expected.

Personal Outlook

Bitcoin: 69,200–70,000 range for a high short position, target focus on 68,000, if broken downward look at 66,000–65,000
Altcoins: 2,020–2,050 range for a high short position, target focus on 1,950, if broken downward look at 1,880