2026-03-18 23:59:37

3.19 Thursday Morning BTC Latest Analysis: Downtrend Not Over Yet, Slight Rebound Continues Short

Yesterday, the bears had a grand celebration feast, a round of sharp selloff once again opened downside space, declining from 74600 all the way down to 70400. Our steadfast holding finally yielded corresponding results. Currently BTC is consolidating around 71300.

At present, the daily chart closed with a large bearish candle, consecutive bearish candles retesting to confirm the 76000 top signal. Moving averages and all indicators are pointing bearish, with a sense of further continuation. On the 4-hour chart, continuous bearish candles descending all the way, as volume expands with consecutive solid candles, currently breaking through the lower rail. Short-term structure weakened once again, meaning bearish trend formed, follow the trend in terms of strategy.

In the morning, reference levels around 71500 and 72000 for shorts, target downside 70000-68000 zone. $BTC

BTC-4,17%

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