3.14 Early Morning Analysis

Yesterday's unexpected surge was primarily driven by the resonance of *"political dividends + forced short covering". The news of Trump hosting a dinner for TRUMP holders ignited market sentiment, combined with continuous net inflows from institutional ETFs, triggering violent short covering in the futures market. Price broke through the 72000 resistance level in one move, creating a new high of 72575, with the daily line recording a large positive candle and market sentiment extremely euphoric.

After the sharp rally, momentum has clearly weakened. Today's market shows a high-level consolidation pattern, with hourly K-line candlesticks running tight against the Bollinger Band upper rail (UP: 72789), displaying obvious long upper wicks, with bulls struggling and facing strong technical pullback demand.

Moving Average Divergence: MA7 (71973) and MA30 (70842) divergence rate is excessive, with price far from moving average support, risking pullback to retest moving averages at any time. KDJ showing high-level blunting and beginning to turn downward, insufficient volume cooperation, uptrend logic already showing fatigue.

Operation Suggestion: Short 71300-71800, targets 69300-69800.$BTC $ETH $SOL