3-8 Morning Analysis

Last night, Bitcoin's price dropped sharply from above 68,000, with the lowest touching around 66,880. The thousand-point decline directly broke the short-term bullish trend. Currently, it is weakly oscillating around 67,300, which is a technical correction after a sharp decline, with clearly insufficient rebound strength.

From the market indicators, the current price is below the middle band of the Bollinger Bands at 67,540, indicating a clear short-term weakening trend; the lower band at 67,023 forms the first support level, while the upper band at 68,057 acts as a strong resistance during rebounds, with a clear division between bulls and bears. The large bearish candle yesterday directly broke the short-term upward structure. Until the key resistance level is reclaimed, the overall pattern remains weak and oscillating with a bias toward the downside. Do not blindly buy the dip.

Trading Suggestions
Short near 67,500-68,000, with targets around 66,000-65,000