3.19: Bitcoin Failed to Hold Position, Clear Intention to Retreat

Bitcoin has formed a false breakout followed by a bull trap pullback on the daily chart. If the real intention was to push higher, the price should have held its ground after breaking through the one-month oscillation resistance at 73,000 on March 17th, then accelerated upward toward 90,000, capturing the spread from low-position accumulation chips. However, this process hasn't materialized, so we need to continue viewing this as a false breakout and maintain a bearish stance.

In terms of pattern, the daily K-line is also constrained by the downtrend channel formed by MA60, and the pullback downtrend pattern remains unchanged. For intraday operations, it's recommended to continue adopting a bearish approach. To avoid short-term rebound in price, operationally you can consider entering short positions in the 72,500~73,000 USD range, with stop loss at 74,200 USD. Short-term target below 70,000, and medium-term target below 68,000 USD. #比特币