看涨到2025年3月开始后，它的结束似乎已经在市场崩溃中结束

在看涨到2025年3月开始后，它的结束似乎在市场崩溃中结束了。今天，2025年3月28日，整个市场的价格大幅下降。

March 2025 began with bullish market trends, but recent developments have led to a market crash, closing the month on a sour note.

2025年3月始于看涨的市场趋势，但最近的发展导致市场崩溃，并以酸味结束了。

Today, March 28, 2025, the market experienced a significant price decline. Among the major assets, Bitcoin (BTC) has finally lost its support and is poised for a massive price drop.

今天，2025年3月28日，市场的价格大幅下降。在主要资产中，比特币（BTC）终于失去了支持，并有望大幅下跌。

Bitcoin (BTC) Technical Analysis and Upcoming Levels

比特币（BTC）技术分析和即将到来的水平

As Stellar Lumens price analysis shows, the cryptocurrency is trading in the red as the market momentum has shifted in favor of the bears. Still, the bulls may try to defend the $83,500 level to avoid further losses.

正如恒星流明的价格分析所表明的那样，由于市场动力转移了熊的转变，加密货币正在以红色交易。尽管如此，公牛可能会试图捍卫83,500美元的水平，以避免进一步的损失。

Between late February and early March 2025, BTC displayed impressive upside momentum while forming a bearish rising price action pattern on the daily timeframe. The BTC price has now broken out of the pattern, partially confirming its bearish outlook and opening the path for further price decline.

在2月下旬至2025年3月上旬之间，BTC表现出令人印象深刻的上升势头，同时在每日时间范围内形成了看跌的价格动作模式。 BTC的价格现在已经淘汰了这种模式，部分证实了其看跌的前景，并为进一步的价格下跌开辟了道路。

According to expert technical analysis, if the BTC price continues to fall and closes a four-hour candle below the $83,500 mark, there is a strong possibility that it could drop by 6%, reaching the $78,500 level.

根据专家技术分析，如果BTC价格继续下跌并关闭了低于83,500美元的四小时蜡烛，则很有可能会下降6％，达到78,500美元的水平。

Following the breakdown, the asset has also fallen below the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating a weak and bearish trend.

分解后，资产也降至每日时间范围的200个指数移动平均值（EMA）以下，表明趋势较弱且看跌趋势。

Current Price Momentum

当前的价格动力

At the time of writing, Bitcoin is changing hands at $83,850 and has seen a 4% price decline in the past 24 hours. However, during the same period, its trading volume surged by 25%, showing heightened participation from traders and investors compared to the previous day.

在撰写本文时，比特币以83,850美元的价格易手，过去24小时的价格下降了4％。但是，在同一时期，其交易量飙升了25％，与前一天相比，交易者和投资者的参与增加。

Traders Bearish Outlook

交易者看跌前景

Looking at the bearish market trend and continuous price decline, traders are strongly capitalizing on the trend and appear to be betting on the short side, as reported by the on-chain analytics firm Coinglass.

鉴于看跌市场的趋势和持续价格下降，交易者强烈利用了这一趋势，并且似乎在短方面押注，正如链分析公司Coinglass报道的那样。

Data reveals that traders are currently over-leveraged at $86,000, where they have built $1.26 billion worth of short positions, hoping that the BTC price won’t cross this level anytime soon. Meanwhile, $83,500 is another over-leveraged level where traders have built $345 million worth of long positions, which are on the verge of liquidation and will be liquidated if the BTC price crosses this level.

数据表明，交易者目前的杠杆率为86,000美元，他们在那里建立了价值12.6亿美元的短职位，希望BTC价格不会很快超过此水平。同时，$ 83,500是另一个过度杠杆化的水平，在该水平上，交易者已经建立了价值3.45亿美元的长头寸，这将处于清算的边缘，如果BTC价格越过此水平，将被清算。

This on-chain metric highlights that bears, who believe the market will fall, are currently dominating, while bulls seem to be exhausted.

这个链链度量的亮点（相信市场将会下降）目前是主导的，而公牛似乎筋疲力尽。