2026-03-19 23:19:39

3.20 Morning Analysis

From the 1-hour chart perspective, the price has initiated a one-sided decline from the 74246 high point and is currently still under pressure below the purple, cyan, and yellow moving averages. The moving averages are in a bearish arrangement, with the short-term downtrend unchanged.

Recent rebound highs are gradually decreasing, with significant selling pressure near 71000. Multiple attempts by bulls to counter-attack have failed, with weak rebound strength and no effective reversal signals formed.

Current price support near 70179 is weak, with the key support level at 68750 tested multiple times below. If the rebound is ineffective and breaks down again, it will open further downside space. Market bearish sentiment continues to accumulate, making it more likely to continue the weak downtrend in the short term. Selling on rallies is a more favorable strategy at the current.

Operation Suggestion: Short 70600-71000, Target 69600-69000.$BTC $GT

BTC0,13%

GT-0,85%

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