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3.24 Afternoon Analysis#BTC #ETH
Bitcoin has pulled back from the 71789 high point, with lower lows gradually rising and higher highs progressively declining, forming a standard converging triangle consolidation pattern. Volatility continues to narrow, and the signal for a trend change has become very clear.
The current price is pressured below the MA20 and MA30 moving averages, with short-term bearish bias dominating. The MACD histogram is continuously shrinking, and DIF and DEA show signs of a death cross, indicating significantly weakening bullish momentum. RSI has retreated to the 50 neutral zone, with intensifying long-short dynamics, and Bollinger Bands narrowing further confirming the oscillation pattern before a trend reversal.
Operation Suggestions
Short near 70600-71000, target lower at 69500-69000#成长值抽奖赢金条 #BTC突破71000美元