$BTC Crypto Scholar Afternoon Analysis: 3.19 Bitcoin Breaks Through 70k, Shorts Completely Blown Out, Longs Must Exit Quickly or Get Trapped Deeper

Bitcoin has currently broken through the 70,000 integer level, completely piercing below the Bollinger Band lower track. A clear downtrend has formed on the 4-hour timeframe, with extremely weak short-term rebound strength. The MACD histogram continues to expand, with DIF and DEA crossing downward, indicating short momentum is still releasing without showing exhaustion signals. RSI has dropped to the bottom of the oversold zone; while there's expectation of oversold rebounds, the strength will likely be limited and difficult to reverse the current weakness pattern. The Bollinger Bands open downward with price puncturing the lower track, indicating selling pressure persists with more downside room to explore.

Operational Strategy: Follow the Trend
Downward approach prioritized: Enter in batches at 70200-70500, Stop loss: 71000. Short-term target: 69500-69000. Medium-term target: If breaks below 69000, watch 68500-68000

Breaking through the 70k level means short positions completely dominate the market. Now is absolutely NOT a good time to bottom fish! For those holding longs from before: If you haven't stopped losses yet, it's recommended to decisively exit on rebounds to 70000-70200 to avoid deeper losses.

Friends with empty positions: Prioritize shorting with the trend, don't think about "catching falling knives." Taking sharp declines now will only hurt worse!

Remember: The core of trading is following the trend. Preserving capital is always more important than stubbornly holding and waiting for recovery! ‌#美联储维持利率不变