3.23 Monday Morning Bitcoin Latest Thoughts - Follow the Downtrend

A new week, a fresh start, wishing everyone good luck!
During the weekend, although market volatility was slow, it provided certain opportunities. Those who grasped short-term long and short positions reaped double profits. Following yesterday's continuous oscillation and decline, the bears showed their strength again, with prices dropping to the 673 area at their lowest, currently oscillating around 680.

On the 4-hour chart, the Bollinger Bands are expanding downward while the downtrend channel maintains well, with moving averages and various indicators all showing bearish alignment. On the hourly chart, after Bitcoin's short-term spike to 710 faced resistance, it pulled back all the way with bearish candles, displaying a clear bearish pattern in the short term. Currently, no rebound signals are seen across all timeframes, so under the bearish trend, simply following the trend is the way to go.

For Bitcoin early morning reference, short near 683 and 688 levels, targeting the 665-650 area below.