$BTC Crypto Circle Academician: Bitcoin signals southward movement on 3.29! Don't buy the dip! The southward trend isn't over yet. Latest market analysis and strategic reference

　　

　　Bitcoin current price is 66,900. This recent drop has once again taken out a group of brave traders chasing the high. Earlier, some were messaging me claiming that below 69,000 was a golden pit, and this afternoon I saw someone asking if they could buy the dip at 66,000. Always chasing the rally and selling at the dip, always patting your thigh in regret. I've said before, a converging triangle ending with a MACD death cross is a clear bearish signal. Unfortunately, most people only see the short-term rebound and fail to recognize the overall trend. Stop asking if you can buy the dip now; the bears are in control. Rebounds are just opportunities to short!

　　

　　The daily K-line downtrend is far from over. Since dropping from 76,000, all moving averages are pressing downward, pinning the price at a low level. The MACD green bars are shorter but haven't turned red, indicating the bears are still dominant. Currently, the price is fluctuating around 66,947. It looks like it wants to rise, but in reality, it's gathering strength to fall. The 69,000 to 70,000 zone can't be broken through; the key support is at 65,000 to 66,000. If broken, it could go down to 59,800. On the daily chart, the bears clearly have the upper hand.

　　

　　After breaking below 69,000 on the four-hour chart, the downtrend is fully confirmed. All short-term moving averages are turning downward, firmly suppressing the price. Although there was a rebound after the MACD death cross, the green bars haven't turned red, indicating the bears still dominate the market with no signs of reversal. The Bollinger Bands are widening downward, and the price is oscillating between 66,000 and 67,000 with very weak rebound strength, mainly providing better levels for shorting. The 67,000 to 68,000 zone is the bear's defense zone; the first target is 65,000 to 66,000. On the four-hour level, the market is clearly bearish.

　　

　　Short-term strategic reference: Follow the larger trend, use small stops, enter and exit quickly.

　　

　　(Alternative) Buy in batches at 65,000 to 66,000 with stops at 64,800, targeting 67,000 to 68,000, cautious buying on dips.

　　

　　Sell at 67,000 to 68,000 with stops at 68,500, targeting 65,000 to 66,000, and if broken, aim for 60,000.

　　

　　Crypto markets have always been about the early prophets eating the meat, the latecomers drinking the soup, and the unaware taking the loss.

　　

　　Specific operations should be based on real-time market data. For more information, contact me. Articles are published with some delay; for reference only. Risk is on you. ‌#比特币震荡走弱