3.7 Bitcoin Market Analysis and Future Outlook

As of early 2026, Bitcoin opened the year at approximately 87,500. As of March 7, the current price is 67,938, representing a decline of about 22.4% year-to-date. The price has significantly retreated from its high, marking the worst performance in recent years at the start of the year.
This week, after falling from the high of 74,030, the price dropped within a range with a maximum decline of 8.23%, and the weekly close was down 4.31%, indicating a clear weakness.

Core Influencing Factors

Following the positive developments from the White House Crypto Summit, the market experienced a wave of selling pressure after the initial rally; expectations of Federal Reserve rate cuts have been postponed, continuing to suppress risk assets; ETF capital outflows have led to insufficient rebound momentum.
Historical patterns show that deep corrections are often key points for institutional positioning. Currently, focus should be on the effectiveness of the 68,000 support level and signals from the Federal Reserve's policies. Leverage should be strictly controlled, and patience is needed to wait for trend reversal signals.

Technical Analysis

The 4-hour chart shows the price breaking below the MA7 and MA30 moving averages, indicating a clear bearish trend; the KDJ indicator has entered the oversold zone, suggesting a short-term technical rebound may be needed, but a reversal signal has not yet been established. Do not blindly buy the dip.

Future Trading Strategies

- Bitcoin: During a rebound above 70,000, gradually build short positions; if the rebound exceeds 3,000 points, consider adding to positions. The first target is a 5,000-point move; if the support breaks effectively, the next level to watch is the previous low of 60,000.
- Ethereum: During a rebound above 2,200, establish short positions with a target of 1,900; if the support breaks, continue to watch the previous low of 1,834.

Historical performance has repeatedly validated the effectiveness of large-range strategies, easily capturing a 5,000-point space. Follow Jin An, stay in sync with the rhythm, and let's seize the next big market opportunity together!