Crypto Academic: 3.21 Bitcoin Dark Cloud Cover Formation Confirmed! Every Rally is an Opportunity! Latest Market Analysis and Trading Strategy Reference

Bitcoin current price 69900, the BTC market these past few days perfectly validates the trading logic that "following the trend is king." From the top reversal to the breakdown pullback, every step has been within expectations. Those who shorted above 71200 in the afternoon yesterday have already locked in profits. The current market is still in weak consolidation; any rally is a shorting window. Don't be deceived by temporary stabilization—strict discipline execution is the key to long-term profitability!

Daily Chart: High reversal confirmed. After heavy volume closed bearishly at the 75998 high, currently weak consolidation around 69600. The K-line formed a Dark Cloud Cover pattern breaking through the 74000 key support, confirming a short-term top signal. Price is still trading near the Bollinger Band midline at 70038, but MACD red histogram rapidly turned green, and DIF is pointing downward, indicating significantly weakened bullish momentum with bears beginning to dominate the market. Key levels 74000 and 75000 have shifted from support to strong resistance. Major support below at 68750 and 69000.

Four-Hour: Weak rally difficult to reverse bearish structure. Sharp decline bottomed at 68750; currently weak consolidation around 69600. EMA lines form bearish alignment with price firmly suppressed below midline 71459. Any rally is a bull trap. MACD green histogram continues expanding, RSI dropped to around 32, indicating short-term bearish momentum still releasing. After oversold conditions, minor rebound possible. Focus on upper resistance 71000 to 71500, lower support 68750 to 69000. High probability of range-bound movement intraday; breakout will extend the downtrend.

Short-term Trading Strategy Reference: No certainty in markets, always use stop-loss for safety first. Small losses, big gains is the goal.

Long from 68800 to 69000, stop loss 68500, target 69800 to 70000 - this is trading oversold bounce, not trend trading. Recommend controlling position size, tight stops, quick entry and exit! Never hold too long.

Short from 70900 to 71200, stop loss 71500, target 70000 to 69500. If price breaks 69000, continue lower targeting 69000 to 68500.

In crypto, those with foresight eat meat, those with hindsight drink soup, those without sight become bagholders.

Actual operations follow real-time order book data. For more information consult the author. Article publishing has delays—for reference only, risk at your own responsibility. #加密行情震荡 $BTC