# March 16 Evening Bitcoin Analysis: Resistance at High Levels, Shorting Opportunity Has Arrived



The evening Bitcoin movement signaled directly! The 4-hour MACD showed a clear reversal, with continuous volume divergence. The bullish momentum has visibly weakened, which is a typical pattern of a short-term rally topping out and pullback beginning.

Enter in batches at 74100-74600, this zone is a short-term resistance area. Target 71000-72000. Conservative traders can hold positions longer, with support near 70500.

High-level consolidation is providing shorting opportunities. Follow the rhythm, stability is key! #Gate广场AI测评官
BTC3.09%
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IAmWhatIAm.vip
· 4h ago
Wishing you great wealth in the Year of the Horse 🐴
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