Analysis in the early morning of 3.26:

The Federal Reserve maintains high interest rates, with rate cut expectations significantly delayed. Middle Eastern geopolitical tensions are pushing up oil prices and inflation concerns. The dollar's strength suppresses risk assets. On the regulatory front, the US clarifies that Bitcoin/altcoins are digital commodities, and the EU's MiCA regulation fully takes effect, which is a long-term positive for compliance development, but short-term cross-border capital controls are tightening.

Bitcoin drops below 70,000, with a daily bearish alignment and a four-hour moving average death cross. Support is at 68,000–69,000, resistance at 70,000–71,000.

Altcoins weaken in tandem, breaking below 2,200, with support at 2,050–2,080 and resistance at 2,150–2,200. Bhutan continues to sell off (accumulating over $150 million since 2026), mining costs are at 88,000, current price at 68,000 with losses leading to selling pressure, total network liquidation hits $255 million, whale turnover accelerates, and market sentiment is weak.

In the short term, expect sideways volatility with a bottom search: Bitcoin tests 68,000, altcoins test 2,050. Medium-term depends on Federal Reserve signals, easing selling pressure, and capital inflows for recovery.

Trading suggestion: 69,500–70,000🈳, target 67,500–68,000.$GT $BTC $ETH