3.26 Bitcoin Morning Analysis

From the 4-hour timeframe perspective, the price bounced and tested the Bollinger midline before encountering pressure and falling sharply. The Bollinger bands are opening downward, and a bearish channel has officially formed. This round of rebounds has failed to break through. Short-term moving averages have formed a death cross and continue to diverge downward, confirming the bearish alignment structure. Price remains under pressure below the moving averages with significant suppressive effects.

After the MACD formed a death cross at high levels, bearish momentum gradually increases in volume, and the market continues its downward trajectory. Oscillating indicators like RSI simultaneously enter weak zones, with bulls' rebound momentum completely exhausted. Currently, bears are in full control of the market. The operational approach should focus on selling bounces into strength—avoid blindly buying the dips.

Operational Recommendations

Short in the 71500-71800 range in batches. Short-term targets look toward 69500-70000 vicinity. If that level breaks, further downside toward the 69000 support level is possible.