(March 26, Wednesday Afternoon Trend Analysis)

The cryptocurrency price is consolidating in a small range, and the rebound is weak, so it remains mainly bearish!

Too slow! Too slow! After a second attempt to reach the 88,500 line early in the morning, Bitcoin has shown a volatile decline. As of now, there hasn't been much strength in either the upward or downward movements. Currently, it is maintaining its consolidation rhythm around 87,000, with limited fluctuation space. Due to the price rebound facing pressure, after a pullback, some buying interest has emerged, resulting in a box range oscillation rhythm, oscillating back and forth within the range, leading to a state of stalemate in the short-term market.

Therefore, as I have mentioned many times! In the short term, first pay attention to yesterday's low point around 86,000, which is near the EMA60, EMA80, and the lower track support positions on the hourly chart. If it retraces and does not break this position, it will not have the conditions for a bearish acceleration. In the short term, consider entering a long position near this level. If it breaks below, there may be further continuation of the bearish trend, and we can follow the trend at that time.

In summary

On Wednesday afternoon, Bitcoin is already looking to short at the high near the 88,000 line. Pay attention to the 86,000 line below; if it breaks, we will follow, and if it doesn't, we will reverse and enter a short position to capture short-term space!