Since last week when we indicated 76,000 as a phase high, BTC has fallen 8,600 points. Currently maintaining our previous perspective unchanged.
In detail, there are two chart divisions shown in red and blue, primarily differentiated by this week's BTC price movement. If BTC rebounds and breaks through 70,000 after stopping the decline this week, the probability of following the red route will be high. If there is continuous decline/weak rebound, it will increase the blue route probability.
The red and blue routes ultimately lead to the same destination—the only difference is whether there will be another high above 76,000 before breaking 60,000. If subsequent movement follows the red route, there will be very good short-selling opportunities. I don't believe 60,000 can serve as a bear bottom; it may not even be the year's bottom.
Operationally, I'm still holding some short positions and will add positions based on this week's BTC rebound strength, holding through next week. #加密行情震荡 $BTC $ETH
Bitcoin Price Analysis 2026.03.23
Since last week when we indicated 76,000 as a phase high, BTC has fallen 8,600 points. Currently maintaining our previous perspective unchanged.
In detail, there are two chart divisions shown in red and blue, primarily differentiated by this week's BTC price movement. If BTC rebounds and breaks through 70,000 after stopping the decline this week, the probability of following the red route will be high. If there is continuous decline/weak rebound, it will increase the blue route probability.
The red and blue routes ultimately lead to the same destination—the only difference is whether there will be another high above 76,000 before breaking 60,000. If subsequent movement follows the red route, there will be very good short-selling opportunities. I don't believe 60,000 can serve as a bear bottom; it may not even be the year's bottom.
Operationally, I'm still holding some short positions and will add positions based on this week's BTC rebound strength, holding through next week. #加密行情震荡 $BTC $ETH
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