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# March 24 Tuesday Morning BTC Latest Analysis – Rally is Not Reversal, Continue Shorting
Ten years of grinding hard work doesn't compare to one word from Trump. After last night's rally, BTC continued consolidating at high levels. Following US stock market opening higher, BTC advanced further, with prices reaching the 7170 region at highs. We decisively shorted at current prices in this area. The lows dipped to around 7000 in the early morning, perfectly hitting nearly 1700 points, then rallied again to 7120 and pulled back. Currently consolidating around 7070.
From the current chart perspective, the daily line closed with a large positive real body breaking through the mid-band resistance, with limited extension afterward, leaving an upper shadow. BTC stopped at the 7170 region—the technical pattern shows the short-term rally is not a reversal. The 4-hour chart appears strong with the rally, but under multiple upper shadow pressures, prices still failed to break the upper band. The Bollinger Band maintains the downtrend channel unchanged. The rally is not a reversal; the overall structure remains bearish. Continue shorting on intraday rallies.
For this morning's BTC, consider shorting in batches near 7100 and 7150, locking in 6950-6800 on the downside.