3.16 Evening BTC Analysis

MACD formed a bearish crossover at high levels, bullish momentum is weakening, RSI 68 entering overbought territory, pullback pressure rising. Multiple attempts to break through 73,000–74,000 have failed, with dense trapped positions. Bollinger Bands narrowing, price oscillating around the midline, upside momentum fading. Short-term moving averages flattening, trend shifting from strong to consolidation.

Operation Recommendations: Shorting 73500-74000 range, targets at 72000, 70000