3.16 Evening Analysis



BTC surged to 74444 and closed with a long upper shadow, showing weakness at high levels and a pullback. Bull momentum has clearly exhausted.

Price is pressured at the Bollinger Band upper rail (74495.6). The KDJ indicator has formed a death cross at high levels with a turning point. Short-term moving average deviation is excessive, creating strong technical correction demand.

Short-term profit-taking is concentrated and escaping, with dense resistance above. Bull follow-through is insufficient, and the market is entering a phase of pullback.

Operation Suggestions: Short range 74000-74500, target 72000-72500.$GT $BTC $ETH
GT2.66%
BTC2.83%
ETH9.23%
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