3.28 Morning Market Analysis

Yesterday, Bitcoin continued its strong bearish trend, dropping sharply from above 69,800 all the way down to a low of 65,511.6, a single-day decline of over 4,000 points. The bearish momentum completely dominated the market. As of this morning’s open, the price is fluctuating around 65,944, still in the weak correction phase of the overall downtrend, with very limited rebound strength and the remaining bearish force not yet exhausted.

From the 15-minute chart perspective, the price is moving entirely along the downward trendline, with the moving averages arranged in a bearish configuration. The price remains under pressure below the midline, with no strength to rebound.

The current trend is clearly bearish, and all rebounds are opportunities for shorting. No long positions are recommended; strictly follow the trend.

Pay close attention to the validity of the 65,500 support level. If this support fails, a new round of accelerated decline will begin. If the support holds, expect only a rebound to short at higher levels, avoiding bottom fishing or catching the bottom.

When the price rebounds to around 66,800-67,300, consider entering short positions in batches, targeting 66,000-65,500. If broken, look below 65,000 for further decline, with the ultimate target at 60,000 #加密市场回调 #比特币震荡走弱 $BTC $ETH .