3.16 Evening BTC Analysis



MACD formed a bearish crossover at high levels, bullish momentum is weakening, RSI at 68 has entered the overbought zone, pullback pressure is rising. Multiple attempts to break above 73,000-74,000 have failed, with dense trapped positions. Bollinger Bands are narrowing, price is oscillating around the middle band with weak upside momentum. Short-term moving averages are flattening, trend shifting from strong to consolidation.

Trading Suggestion: Range-bound in 73,500-74,000 zone, target 72,000, 70,000
BTC2.83%
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