3.24 Morning

The bullish attempts made in the early morning yesterday have shown results, with the 1600 point settling into stable consolidation. Currently, BTC is oscillating narrowly around 70,500. Short-term bullish momentum has clearly exhausted, with a stagnant K-line formed at higher levels, and divergence between bulls and bears intensifying; medium-term moving averages still maintain bullish alignment, with the trend not completely reversed, but short-term moving averages have turned downward to suppress price, oscillators have retreated from the overbought zone, short-term rebound strength is limited, more inclined toward a second dip after consolidation at higher levels.

Rebound to around 71,200-71,800, targeting 69,500-68,500, #Gate13周年全球庆典 $BTC $ETH