3.30 Weekend Afternoon Analysis $BTC $ETH #BTC走势分析 #区块链 #加密货币 #交易员

Yesterday, the bears came on strong, and Bitcoin plummeted, reaching a low of around 81600. This one-sided downward trend caught many brothers off guard. However, the market turned around last night, and the bears did not press their advantage to continue the decline; instead, a rebound occurred. This morning, the price continued to rise, reaching 83500. Currently, from a larger trend perspective, the overall outlook remains bearish, and the smaller degree rebound is merely a routine market correction. Taking the 4-hour chart as an example, the previous large bearish candle violently broke below the lower boundary and found some support below, leading to this rebound. However, the current small upward movements lack strength and are unable to reverse the weak trend.

From a shorter time frame perspective, to achieve a reversal, the price must return above 850 and hold steady. At the current stage, the rebound strength is relatively weak, and the overhead pressure is like a mountain. Moving forward, we will focus on the key level of 840; as long as the price cannot effectively break through this level, we will continue to look bearish.