3.16 BTC Afternoon Analysis

BTC surged to 74444 then quickly pulled back, with the long black K-line piercing through short-term moving averages, showing obvious exhaustion of bullish momentum. Price is under pressure at the upper Bollinger Band, KDJ indicator shows a death cross at high levels pointing downward, RSI has turned after entering the overbought zone, short-term pullback pressure has significantly increased, and the excessive moving average deviation rate also signals strong demand for technical correction.

Geopolitical risk-off sentiment has retreated in phases, with the logic pushing capital inflows into "digital gold" weakening, and profit-taking flows concentrated on exits.

U.S. stock futures weakened in early trading, market risk appetite declined, crypto market as a high-risk asset fell in sync, with capital flowing back to safe-haven assets. Fed officials released additional "delayed rate-cut" signals, the dollar index strengthened, further suppressing risk asset valuations and limiting BTC's upside.

Short-term lacks new positive catalysts, halving expectations already fully priced in, capital more inclined to lock in profits.

Operation Suggestion: Short at 74000-74500, target 72000-72500. $GT $GT