On the 4-hour chart, a recent double top pattern has formed with two highs near 70685 and 71367 respectively. The price has currently broken below the neckline at 69860, a critical level. From a technical standpoint, the double top breakdown indicates increasing downside risk in the short term. The daily chart has closed negative for three consecutive days with lower highs continuously forming, dropping from 73909 to 71246 to 69840—a classic descending three method bearish pattern, indicating the market's center of gravity is continuously declining. From an indicator perspective, the 4-hour MACD fast and slow lines continue to diverge below the zero axis, with bearish momentum bars expanding to -263. The downward momentum has not weakened but is actually strengthening. Moving averages are even weaker, with price having broken below all key EMA lines including the 7, 30, and 120-day EMAs. Short-term EMAs have crossed below long-term EMAs—a completely bearish alignment. On the 4-hour level, 70500 near the EMA7 is a resistance level, and rebounds to this area will face obvious suppression. In terms of volume, the 4-hour candle on March 20 at 8 PM dumped on volume with 4,716 BTC traded. Subsequent rebounds have seen volume continuously shrivel from 3,080 to 303—a typical pattern of increased volume on declines and lack of volume on rebounds, indicating bottom-fishing funds are inactive. The daily level is even more obvious, with declines accompanied by continuously expanding trading volume rising from 16,244 to 22,365 to 23,393. Selling pressure is gradually being released with no signs of buying support entering. Overall, the double top neckline breakdown, daily descending three method, combined with bearish moving average alignment and sustained volume expansion on declines present a bearish technical picture. Unless price can quickly reclaim above the 70000 neckline, the short-term will likely continue testing support below. See you tomorrow. Follow Coin Sir for real-time market analysis. 3.21 Bitcoin Short-term Reference: Range 70500-71500, defend 74500 supplement, stop loss 500 points, target below 70000 in the 68300-69300 range, target above 70000, stop loss 500. Note: There may be delays in sending. This strategy is for reference only. Markets change rapidly. No matter how confident in market analysis, always set take profits and stop losses properly. Lock in profits and secure gains.#Gate13周年全球庆典 #TradFi首创多倍杠杆 #加密行情震荡 #创作者冲榜 $BTC $GT $ETH