3.23 Bitcoin Operating Strategy Analysis

Success on the path forward is not crowded because few people can persist to the end. When you want to give up, tell yourself to hold on a little longer, because often it's this little bit of persistence that brings you one step closer to your dreams.

Currently, the daily chart shows a bearish engulfing cloud pattern with consecutive down candles, MACD death cross pointing downward, and RSI entering a weak zone, with bears dominating the trend. The 30-day moving average has shifted from support to resistance, with price trading below the moving average and rebounds lacking volume support. On the four-hour chart, the bearish arrangement is clear with EMA7/EMA30 forming a resistance band, and price continuously trading below the midline. MACD green histogram maintains volume expansion, with rebounds repeatedly touching the midline and falling back, showing weak counterattack strength from bulls. Hourly chart: the oscillation structure is shifting lower, each rebound is lower than the previous high, with resistance levels progressively advancing, showing typical weakening downtrend characteristics.

Operating Suggestions
Bitcoin: Short at 68500-69000, add on 1000-point rebound, stop loss at 70500, target 66500-67000. #Gate13周年全球庆典