3.19 Afternoon Bitcoin Market Analysis

From a technical perspective, since Bitcoin pulled back from the 76000 high, bears have completely dominated the short-term rhythm.

Yesterday, influenced by US stock market correlation and Federal Reserve policy expectations, the price retreated significantly, exploring lows near 70400, and is currently trading weakly around 71000. The previous oscillating uptrend pattern has been completely broken, and after the triangle consolidation range breakthrough, the downtrend has been clearly established.

From the 5-minute chart, the price is repeatedly under pressure around the middle band, with weak upside attempts. Although there is minor recovery after probing lower, the overall structure remains bearish with a clear characteristic of pullback-then-pressure.

Trading Strategy: Focus on selling into rallies, firmly avoid blind bottom-fishing.

Entry Reference: Short around 71500-72000 area
Target Zone: Looking toward 70000 area

Current market sentiment is bearish, with short-term potential for further downside exploration. Following the trend is the optimal choice. #美联储维持利率不变 $BTC $ETH