Cryptocurrency Circle Expert: The Bitcoin rebound on March 26 is just a flash in the pan, will the bearish trend still dominate the future market? Latest market analysis and thought reference

　　Current Bitcoin price is 70900, many friends in the cryptocurrency community have asked lately: after lingering at 70880 for so long, should I buy the dip or continue to short? I’ll speak plainly: since it was pulled up from 59800, BTC hasn’t escaped the previous downtrend; now the sideways movement is simply a breather after falling too much, not a reversal. You see, the MA60 moving average is still pressing down, and there is no strength to push higher, on the contrary, the higher it goes, the weaker it becomes. This stagnant movement is a signal before a trend change; the next K-line could indicate a direction, blindly buying the dip or chasing highs can easily be washed out by the big players.

　　The daily downtrend framework has not been broken, the rebound is still a correction, and the longer-term trend remains bearish. After the price dropped from the high of 75998, it rebounded to the Fibonacci 0.786 resistance at 74011 and met resistance falling back. Currently, it is lingering around 70880, and it did not break through the previous downtrend line, belonging to a technical correction after overselling. Although the MACD green bars have narrowed, the DIF is still below the zero axis, indicating that downward pressure still dominates. The K-line is under pressure below the MA30 moving average, and the MA60 continues to press down; the moving averages are arranged downward and have not been broken, and the longer-term trend remains unchanged.

　　The four-hour chart shows a converging triangle at its end, the window for a trend change opens as the K-line pulls back from the high of 71742, with lows gradually rising and highs gradually falling, forming a converging triangle consolidation pattern, and the volatility range continues to narrow, indicating a very clear trend change signal. The MACD red bars continue to shrink, with signs of a dead cross between DIF and DEA, the upward strength is diminishing while downward forces are gradually accumulating. Once the pressure support on the upper bound of the triangle is broken in either direction, it will trigger a trending market.

　　Short-term strategy reference: Align with the long-term trend, small stop loss for quick entries and exits.

　　For buying, aim for a gradual increase from 69500 to 69000, with a stop loss at 68500, targeting 71000 to 71500.

　　For selling, aim for a gradual decrease from 71500 to 72000, with a stop loss at 72500, targeting 71000 to 70000, if the price falls below 70000, continue to look down to 69500 to 69000.

　　In the cryptocurrency circle, those who foresee first eat well, those who realize late drink soup, and those who are unaware are left holding the bag.

　　Specific operations should be based on real-time market data; for more information, please consult me. The article is published with a delay, and was intended for reference; risks are to be taken by the reader.

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