3.24 Morning Analysis

Bitcoin has risen from 67469 and reached a high of 71787.80 before entering a pullback at higher levels, currently oscillating around 70549. Short-term upward momentum has significantly weakened, with a bearish engulfing pattern at the high combined with small real body doji lines, intensifying the battle between bulls and bears.

The moving average system still maintains a bullish alignment, the mid-term trend remains intact, but short-term moving averages have turned downward with price now trading below short-term moving averages. The oscillator has pulled back from the overbought zone to neutral and then formed a low pivot, indicating a need for technical rebound after short-term oversold conditions.

Operation Strategy: Await directional breakout. If support holds, enter longs with light positions; if support breaks, follow bears with shorts. Strictly manage position size and set stop losses.

Operation Suggestions: 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