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3-23 Early Morning Analysis
From the 4-hour level, the market has been continuously closing negative and testing lower, with a clear short-term downtrend. The key support level of 67300 from earlier has been tested, and while there is currently a rebound, trading volume continues to shrivel, failing to form an effective reversal pattern, merely constituting a technical weak counter-rally, not a reversal signal.
Overall, the weekly top divergence is suppressing, the daily top formation has been established, the 4-hour downtrend channel is in operation + weak rebound with low volume, multiple moving averages have all broken down, price center of gravity continues to shift lower, overall pattern runs weakly.
Bearish thinking remains unchanged, high short positioning is sufficient.
Operation Suggestions
Bitcoin: Batch short layout in the 68500-69000 range, targeting around 66500-67500, if broken below continue watching 66000