3.24 Morning Analysis

Bitcoin has risen from 67469 and touched a high of 71787.80 before entering a pullback at elevated levels, currently oscillating around 70549. Short-term upward momentum has significantly weakened, with high-level bearish engulfing patterns combined with small real body star lines, as the battle between bulls and bears continues to intensify.

The moving average system still maintains a bullish alignment, and the medium-term trend remains intact, but short-term moving averages have turned downward, with price now trading below the short-term moving averages. The oscillating indicator has pulled back from the overbought zone to neutral before turning upward at low levels, suggesting technical rebound demand following short-term oversold conditions.

Trading Strategy: Wait for directional breakout. If support holds, attempt light long positions; if it breaks down, follow with short positions accordingly. Strictly manage position size and take stops.

Trading Recommendation: Short in batches in the 71200-71700 range. First target: 69500, second target: 69000→68500→67000$BTC $ETH #特朗普向伊朗发出48小时最后通牒