BTC surged to 74444 and closed with a long upper wick, showing stagnation at high levels and pullback. Bullish momentum has clearly exhausted.
Price is under pressure at the Bollinger Band upper rail (74495.6). KDJ indicator has formed a bearish crossover at high levels, with short-term moving average deviation rate excessive, creating strong technical correction demand.
Short-term profit-taking orders are concentrated at exits, with dense resistance above, insufficient bullish follow-through, and the market entering a phase of retreat.
Trading Suggestion: Sell range 74000-74500, Target 72000-72500.$GT $BTC $ETH
3.16 Evening Analysis
BTC surged to 74444 and closed with a long upper wick, showing stagnation at high levels and pullback. Bullish momentum has clearly exhausted.
Price is under pressure at the Bollinger Band upper rail (74495.6). KDJ indicator has formed a bearish crossover at high levels, with short-term moving average deviation rate excessive, creating strong technical correction demand.
Short-term profit-taking orders are concentrated at exits, with dense resistance above, insufficient bullish follow-through, and the market entering a phase of retreat.
Trading Suggestion: Sell range 74000-74500, Target 72000-72500.$GT $BTC $ETH