March 29 Morning Analysis

The Bitcoin 1-hour chart shows a sharp rally followed by a pullback, with the price breaking below the midline. The Bollinger Bands are narrowing and leaning bearish; the KDJ indicator's three lines are rapidly diverging downward into the oversold zone, indicating increasing bearish momentum; the RSI is turning downward, suggesting the bullish momentum is weakening. The market saw a large sell order of $49.16 million from major players, with significant net capital outflow and selling pressure. In the short term, resistance is at 67,135, and support is at 66,060. A break below support could lead to further decline. Based on technical and capital flow analysis, the short-term trend is somewhat weak. It is recommended to maintain a high short position and be cautious about bottom fishing.

Trading suggestion: Short at 67,100-67,600, target 65,100-65,600.