3.25 Awei Evening BTC

The 4-hour chart is forming a converging triangle, with 72000 firmly capping the upside and 68800 supporting the downside. Overall, the turning point window leans more to the downside, and the major bearish structure remains unchanged.
The indicators aren't performing well either. The MACD red bars are starting to shrink with a death cross expected between the fast and slow lines; RSI is neutral to weak with no signs of aggressive movement. Combined with the bearish moving average alignment, the 70000 level is being repeatedly pressed, and rebounds lack momentum.
Sentiment is also dragging things down. Stablecoin regulatory headwinds are fermenting, capital is becoming more risk-averse, and selling pressure is gradually building up.
If we can't go higher, we need to find space to go lower.
Trading approach - personal perspective:
Continue shorting around 71500-72000, targeting 70500, and secondarily 69000.#Gate正式接入Polymarket $BTC