3.13 Morning Analysis

From recent price action, momentum has noticeably weakened after touching the 70700 level, lacking sufficient volume support for sustained upward momentum.

Short-cycle moving averages have turned downward, and the Bollinger Bands are contracting, indicating that short-term volatility range is narrowing. Pullbacks facing pressure is the current core rhythm.

Strong resistance at the 70500-70600 zone above; low probability of breakthrough. Support at the 69300 level below; a break would open downside space.

Continuous net capital outflows recently, with major players cashing out at high levels. Retail investors show weak appetite for catching falling knives; short-term rally difficult.

Lacking significant bullish catalysts and fund speculation hotspots, bearish sentiment dominates.

Trading Suggestion: Short at 71000-71500, target 69000-69500.$SOL $ETH $BTC