2026-03-23 07:08:45

3.23 Bitcoin Afternoon Weak Oscillation

Bitcoin is currently consolidating around the 68,000 level with limited rebound strength, and the overall trend remains bearish. After touching a low of 67,300 in the early session and recovering quickly, it indicates some support below, but selling pressure has not been fully released, and no strong reversal signals are visible yet.

On the daily chart, a high-level pullback structure has formed with significantly weakened upward momentum; after the Bollinger Band broke below the midline, it continues to diverge downward, indicating a bearish mid-term trend. The hourly K-line is trading close to the lower band, with short-term weakness persisting.

Operationally, avoid chasing longs on rebounds and maintain a primarily bearish shorting strategy.
Reference: Short in batches at 68,800-69,100, targeting 67,000-66,000.
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