# March 19 Morning Analysis

**1-Hour Chart:**
The price has broken down from the upper band of the Bollinger Bands with volume and multiple moving average support levels. The bearish trend has been clearly established. Current rebounds are continuously capped below the moving averages with weak momentum. Although the KDJ indicator shows a minor rebound, it remains in the lower zone without forming an effective reversal signal. The price has refreshed the stage low at 70456, and the rebound has not broken through the midpoint of the previous large bearish candle. Selling pressure remains below, and in the short term, there is a high probability of continued downside exploration. Operationally, it is recommended to take short positions at the moving average resistance level. The downside target is first at the previous low of 70456, and after breaking this level, further watch the 70000 round number.

**Trading Suggestion:** Short from 72000-72500, target 70000, and further target 68000 #Gate13周年全球庆典 $ETH