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3.23 Monday Evening BTC Trading Analysis
Evening overall showed weak performance, with price pressured below the middle band of Bollinger Bands, and moving averages in bearish configuration suppressing the market.
MACD maintains downward volume expansion, bearish momentum continues to release, RSI continues declining without obvious stabilization signals, short-term rebound strength is extremely weak, with a clear structure of rebound followed by pressure and pullback.
Overall trend is bearish, upside space is limited, and the subsequent trend will likely continue downward.
BTC: Can short near 72000-72500 rebound levels
First target: 70500 Second target: 69000 (cautious)
$BTC #Gate13周年全球庆典