3.22 Morning Bitcoin Analysis
From the four-hour candlestick chart analysis, the Bitcoin price continues to oscillate within the channel with a shrinking amplitude. The bearish strength is evident through the increasing volume of the solid candlestick lines, while the moving average system is also continuously extending downward. In the short term, the market shows clear signs of oscillation and pullback, indicating a strong demand for bottom formation and recovery.
Bitcoin: 85000-85500 short, stop loss at 86000, target at 82000
