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 a bearish engulfing pattern at the high combined with a small-bodied doji, intensifying long-short competition.

The moving average system still maintains a bullish alignment, and the medium-term trend remains intact, but short-term moving averages are turning downward with price now trading below the short-term moving averages. Oscillator indicators have pulled back from overbought levels to neutral and then turned up from lows, indicating a need for technical rebound after short-term oversold conditions.

Trading Strategy: Wait for directional breakout. If support holds, try long positions with light positions; if support breaks, follow up with short positions in the direction. Strictly control position size and set stop losses.

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