3.23 Monday Morning Bitcoin Latest Outlook - Following the Downtrend

A new week, a fresh start, wishing everyone good luck!
During the weekend, although market movements were slow, they did provide certain opportunities. Those who grasped short-term long and short opportunities achieved double gains. Following yesterday's continuous shock and downward movement, the bears showed strong momentum again, with prices dropping to the 673 area at their lowest and currently oscillating around 680.

On the 4-hour chart, the Bollinger Bands are spreading downward while the downtrend channel maintains well, with moving averages and various indicators all showing bearish alignment. On the hourly chart, after Bitcoin attempted to rally to 710 but faced resistance, it has been declining with consecutive bearish candles, showing a clear bearish pattern at the short-term level. Currently, there are no signs of rebound at any timeframe, so following the downtrend is the way to go.

In the early morning, Bitcoin reference points: short around 683, 688 levels, targeting the 665-650 zone below.