3.23 Monday Morning Bitcoin Analysis

Bitcoin is currently in a phased downtrend stage with frequent large bearish candles. During rebounds, bullish candles show weak momentum and short bodies, with insufficient buying support.
Multiple tests of lower support levels followed by brief stabilization, then continued declines. Bear forces remain dominant.

• Upper resistance zone: around 69000–70000. If rebounds reach this level with obvious pressure, consider staging short positions
• Lower support level: around 67,000. If effectively broken through, it will open further downside space

After consecutive declining days, markets tend to have technical rebound needs. If prices rise quickly and break through resistance, adjust short strategies in time to avoid being trapped by rebound movements. Meanwhile, pay attention to external messages such as Federal Reserve policy and US stock linkage. Sudden positive/negative catalysts may break the current technical trend.
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