2026-03-26 13:24:53

March 26 Evening Market Analysis

From the 1-hour chart, the price has been steadily declining from the high of 71,989.0, with a series of large bearish candles indicating strong downward pressure. The moving average system has fully turned downward, forming a bearish alignment, and the short-term trend has weakened significantly. The KDJ indicator's three lines have all entered the oversold zone and continue to diverge downward, indicating that bearish momentum is still being released. The rebound strength is very weak, with no signs of a substantial counterattack.

Currently, the price has broken below the key support level of 69,500, with the lowest dip reaching 69,127.2. The moving averages above and the middle band form multiple strong resistance levels. The short-term rebound space is completely locked, and the downward trend is clear. The main trading idea remains unchanged.

Trading Suggestions

Rebound to the 69,900 - 70,400 range to go short, with a target of 68,500. If broken, continue to watch 67,800.

BTC-2,61%

ETH-4,14%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes