3.27 Friday Da Chen Market Analysis: $BTC

Looking back at the afternoon market, the big coin faced pressure and fell back from the 68900 line, with bears unleashing two waves of selling, first dipping to 68100 for a brief consolidation, then bears exerting force again, reaching a low of 66100, with an overall pullback of 2000 points. Currently, the price has slightly rebounded, operating around 66600.

From a structural perspective, although this round of pullback is considerable, it is more of a deep squat washout within a bullish trend rather than a trend reversal. The 66000 level serves as a previously dense transaction area and an important defense line for bulls. After dipping to 66100 in the afternoon, it quickly recovered, indicating strong support in that area; simultaneously, the slope of the decline has noticeably slowed after two dips, with the hourly K-line showing elongated lower shadows as a stop-loss signal, and bearish momentum is gradually diminishing. Short-term indicators such as RSI have turned upwards from the oversold zone, while the MACD fast and slow lines are close to forming a golden cross below the zero axis, indicating that the demand for a technical rebound is accumulating.

Currently, the price is stable above 66600. If it can further reclaim the 67000 level, the short-term structure will strengthen again, with resistance to be watched at 67500 and 68200 areas. In terms of operation, one can rely on the 66000-66300 area as defense, paying attention to rebound opportunities after stabilizing at lower levels.

In a bull market, sharp drops often come with rapid recovery afterward; this is a critical moment testing patience and rhythm.

Stay tuned for Da Chen's daily updates on first-hand information and in-depth analysis. Da Chen focuses on Ethereum, Bitcoin, and altcoin contracts and spot trading, sharing only practical experiences that can survive in the market! #BTC行情