3.16 Evening BTC Analysis
MACD bearish crossover at high levels, bullish momentum weakening, RSI 68 entering overbought zone, pullback pressure increasing, multiple failed rallies at 73,000–74,000, trapped positions densely distributed, Bollinger Bands narrowing, price oscillating around the midline, lacking upside momentum, short-term moving averages flattening, trend shifting from strong to oscillation.
Operation Suggestions: Short at 73,500-74,000 range, targets 72,000, 70,000
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