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March 25 Bitcoin Analysis 📈
Current Price
70504 24-hour volatility approximately 3.5%. Intraday first dipped to 68923 then rebounded, currently in a consolidation recovery phase.
Short-term MA7 (70,621.56) slightly above current price. Price briefly broke below the short-term moving average, indicating weakening short-term momentum.
Trading Volume: Recent volume has significantly contracted compared to the early morning sell-off phase. The rebound has not shown sustained volume increase, indicating insufficient strength from bulls and heavy wait-and-see sentiment in the market.
Core Logic
7-day decline of -4.61%. Although there was a 4.17% gain over 30 days, recent pullback strength is notable, indicating medium-term upward momentum has clearly weakened with demand for further correction.
If the daily level fails to reclaim the key 72,000 level, the overall market will enter a consolidating downtrend cycle. Short-term shorting and medium-term trend will form resonance with higher win rate.
Trading Suggestions
Sell on rebound to 70400-71000
First target 69800
Second target 69200
$BTC