3.30 Bitcoin Morning Analysis

From the market chart, the 4-hour cycle shows a volume breakout below the lower Bollinger Band, indicating a shift from the high-level consolidation pattern. The market experienced a sharp decline this morning, with the lowest touching 64,918. Currently, all moving averages are in a bearish alignment, with prices pressured below the short-term moving averages. The KDJ indicator shows a death cross downward, indicating ample bearish momentum. Short-term rebounds are weak, and the downward trend is clear.

Market risk aversion has increased, with significant capital outflows. Bullish confidence is lacking, and buying support is weak. On a macro level, the Federal Reserve's tightening expectations persist, and a strong dollar suppresses crypto assets. Coupled with short-term negative shocks, technical breakdowns, pessimistic sentiment, and macroeconomic negatives are resonating. There are no signs of stabilization yet, and the strategy is to mainly look for rebounds to short at higher levels.

Trading Suggestions

Short in batches around 66,000-66,500 on rebounds, targeting 64,500-65,000.