3.24 Bitcoin Public Analysis:

K-line Pattern: Consecutive bearish candles, declining highs, trapped in a downtrend channel.
Moving Average Structure: Short-term MAs pressing down, prices under overall pressure, strong bearish suppression.
MACD: Death cross continuation, expanding green histogram, sufficient bearish momentum.
RSI: Weakening trend, feeble bounces.
Bollinger Bands: Opening downward, price hugging the lower band, clear bearish bias.
Bounces face resistance, upward pushes lack strength, upper areas all resistance zones, short-term likely to range weakly, strategy is to short on rallies.
Bitcoin: Bounce to 71000-71500 can head south
First target 70000, second target 69000 (cautious)
$BTC #Gate13周年全球庆典