3.22 Morning Strategy

Trend Review
From early morning to the opening session, BTC exhibited a "weak consolidation → accelerated breakout" pattern. A sudden sharp decline occurred at 8 AM, forming a near 3,000-point long lower wick, with bears exerting active force at key moments with firm conviction. The price has currently bounced back to around 69,800, but the momentum is weak and has failed to reclaim the key resistance zone.

Technical Structure
The morning decline pierced through the lower edge of the previous consolidation platform, confirming an effective breakout. After MA7 and MA30 death cross, a bearish arrangement continues to exert pressure; MACD fast line operates below the zero axis, and while momentum bars have shortened, there is no bullish divergence structure. Volume shows typical "volume increase on decline, volume shrinkage on rebound" characteristics, with clear technical correction features rather than trend reversal signals.

Key Levels
Resistance zone of 70,500-71,000 above serves as the bull-bear demarcation line; a substantial break through this level is needed for trend reversal; Support zone of 68,500-68,000 below is the first testing area after the breakout.

Trading Strategy
The bearish-dominated pattern remains unchanged, with rebounds facing pressure. Maintain a high short bias; prudent traders should wait for price rebound to the 70,500-71,000 zone to show stalling signals before positioning, with focus on the effectiveness of 68,500-68,000 support below. #Gate13周年全球庆典