March 10 Morning


The overall structure of Bitcoin has become extremely clear, with the bears completely in control and a weak trend without any suspense. Multiple timeframes are resonating in weakening, with the daily high points gradually moving lower and the lows continuously being refreshed. The price is firmly suppressed within the standard downtrend channel, with a clear and sustained bearish rhythm.

The moving average system has formed a complete bearish arrangement, with the price consistently under pressure from key moving averages. Every rebound turns into a new selling point, and the bulls' counterattack strength is very weak, with no ability to fight back. The medium-term downtrend structure remains intact and unbroken, with the bearish trend continuing to strengthen. Following the trend is currently the best strategy.

Trading suggestions:
Sell in batches around 69,000–69,500, aiming for a target near 66,000–65,000.
BTC4.44%
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