3.19 Morning Analysis

From the 1-hour chart perspective, after the volume spike at the high, the price has broken below the lower Bollinger Band and multiple moving average supports, confirming a clear downtrend. Current rebounds are consistently pressured below the moving averages, showing weak momentum. Although the KDJ has shown a slight rebound, it still runs below the midline without forming an effective reversal signal. Price has refreshed the phase low at 70456, with the rebound failing to break through the halfway point of the previous large bearish candle. Selling pressure remains below; the short term likely continues the downward exploration trend. Operationally, it is recommended to short at the moving average resistance level. The first target is the previous low at 70456, and if broken, further aim for the 70000 round level.

Operational Suggestion: Short 72000-72500, target 70000, also looks good at 68000#Gate13周年全球庆典 $ETH