3.25 Evening Analysis

Bitcoin surged to 71,999 but formed a long upper wick, with clear resistance at high levels. The KD indicator has entered the overbought zone, and the price deviation from the moving averages is too large, indicating a need for a pullback and correction to the 71,000-70,500 range.

The hawkish stance of the Federal Reserve continues, with rising U.S. Treasury yields suppressing risk assets. Outflows from spot ETFs, concerns over network stability, and expectations of tighter regulation further weaken bullish confidence.

Trading suggestion: Short at 71,800-72,000, with room for additional entries! Target 70,000-69,500.$BTC $GT $ETH