3.24 Afternoon Analysis#BTC #ETH



Bitcoin has pulled back from the 71789 high, with lower lows gradually rising and higher highs successively declining, forming a standard converging triangle consolidation pattern. Volatility continues to narrow, and reversal signals are already very clear.

Current price is under pressure below MA20 and MA30 moving averages; bears have the upper hand in the short term. MACD red bars continue to shrink, with DIF and DEA showing signs of death cross, indicating obvious weakening of bullish momentum. RSI has retreated to the 50 neutral zone, intensifying the battle between bulls and bears, while Bollinger Bands narrowing also confirms the consolidation pattern before a reversal.

Trading Recommendations
Short near 70600-71000, target downside 69500-69000#成长值抽奖赢金条 #BTC突破71000美元
BTC1,52%
ETH1,56%
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