3.8 Sunday Bitcoin Morning Market Analysis

Last night, the market sharply declined from above 68,000, with the lowest touching around 66,880, a drop of over a thousand points in a single day.
Currently, the price has slightly rebounded to the 67,300 range, entering a correction phase after the sharp decline.

From a technical perspective, the middle band of the Bollinger Bands at 67,540 acts as short-term resistance, with the price trading below it, indicating a weak trend; the lower band at 67,023 provides recent support, while the upper band at 68,057 is a key resistance level for the rebound.
Overall trend: yesterday’s large bearish candle broke the short-term upward structure, and the price has not recovered the key resistance, maintaining a weak oscillation pattern.

Trading Suggestions:
The core strategy is mainly to go short. After a rebound to the 68,100-68,600 range and stabilization, consider entering light short positions.
The first target is around the 67,000 level; if broken, the next support levels are 66,600-66,000.