3.24 Tuesday Afternoon Bitcoin Latest Analysis - Rebound Lacks Momentum, Maintains High Short Bias

The oscillation, while grinding, hasn't deviated from the expected trajectory. The low during midday dipped near 700. The 710 short positions provided this morning have profitable room, currently oscillating near 703. The 4-hour chart failed to extend yesterday's surge, followed by pullback under pressure, now showing consecutive bearish candles moving lower. Short-term rebound has concluded. The hourly chart shows Bollinger Bands tightening, with price surging then pulling back, breaking below the midline. Chart indicators resonate downward with the 4-hour timeframe, and short-term bullish momentum is insufficient. Under oscillation conditions, upside space has been released; do not chase rallies.

Maintain high short bias in the afternoon. Short-term resistance is in the 715-720 zone. If touched without breaking, can directly short. Aggressive traders can scale into shorts near 706, 710. Downside targets unified at 690-680 zone.