Crypto Circle Mr. Coin: 3.31 Bitcoin (BTC)) Market Analysis Reference

The Bitcoin (Big Pie) intraday bulls attempted another push, but unfortunately, the 68,000 level still couldn't hold steady, and the market was pushed back down, continuing to fluctuate within this range.
From the four-hour chart, the middle band resistance is gradually moving downward.
The high level is approaching the resistance zone but has yet to form a valid upward breakout.
Currently, the price has retraced to around 66,600.
Although there were several dips in the evening, the 66,000 level still has support, and it hasn't been broken directly.
However, we should note that the rebound strength is beginning to weaken.
The daily chart has closed in the red for three consecutive days. Although the downward momentum has slowed, the trend has not reversed.
In the short term, 67,500 is now a relatively clear resistance level.
On the indicator side, the 4-hour MACD has just shown a bullish crossover, but the daily MACD remains below the zero line, with the green bars shrinking.
Looking at the moving averages (EMA), the current price is still below EMA7.
Although the bearish alignment's slope has eased, overall it remains weak.
So, in terms of trading, my personal view remains unchanged: focus on rebounds for trading.
If the short-term support at 66,000 cannot hold, it can be basically judged that this rebound has reached its limit.
Everyone should maintain a bearish mindset; the market is likely to continue downward to find support.
Be prepared in advance and don't take it lightly.
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3.31 Bitcoin short-term reference:
Range 68,000-69,300,
Defense at 72,500,
Stop loss 500 points,
Target below 67,000: 64,300-65,300,
Target above 66,300,
Stop loss 500 points.
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Strategy suggestions are for reference only.
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