3.27 Azzu Afternoon Analysis

The midday market broke below the key support level of 68,250, followed by a technical rebound. This rebound was driven by short covering and oversold funds. Trading volume continues to shrink, and upward momentum has clearly weakened. The 4-hour price chart barely recovered above the lower Bollinger Band but then entered a narrow sideways range. The rebound highs are gradually declining, and the moving average system remains under downward pressure, indicating a clear bearish dominance.

Currently, market selling pressure has not been fully released. The weak rebound is unlikely to change the downward trend, so avoid blindly bottom-fishing.

Trading Recommendations

Short near 69,000-69,500, target around 66,500-67,000$BTC ‌$ETH ‌