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3.24 Evening Analysis
BTC is currently oscillating and adjusting around $71,000. The current rebound momentum is clearly insufficient.
From the 4-hour level, after the price surged yesterday, the bullish momentum failed to sustain effectively, subsequently retreating under pressure. The overall market maintains a narrow-range consolidation pattern. Observing the 1-hour level, the Bollinger Band channel is gradually narrowing, the MACD bearish energy column shows a volume contraction adjustment trend, bearish force is gradually gaining dominance, and the market shows no clear rebound signal in the short term. For this evening's operations, it is recommended to focus mainly on shorting at high levels.
Specific trading levels for reference:
- BTC: Short on rebounds to the 71,500~71,800 zone, target watch 70,200~69,800
- ETH: Short on rebounds to the 2,180~2,200 zone, target watch 2,130~2,100