3.19 Morning Analysis

1-hour chart: Price has broken through the lower Bollinger Band with volume increase from the highs and pierced multiple moving average support levels, with the bearish trend now clearly established. Current rebounds are consistently suppressed below the moving averages with weak momentum, and although the KDJ indicator has shown a minor rebound, it still remains below 50 without forming an effective reversal signal. Price has refreshed the stage low to 70456, with the rebound failing to break through the midpoint of the previous large bearish candle, with selling pressure still present below. In the short term, there is a high probability of continued downside movement. Operationally, it is recommended to go short using the moving average resistance level as a pivot, with the downside target first watching the previous low at 70456, and if broken, further targeting the 70000 round number level.

Operating Suggestion: Short 71700-72200 Target 69700-70200.$SOL $GT