The daily line rebounded to the 72000-72500 strong resistance zone, with multiple upward thrusts followed by pullbacks, forming a long upper shadow. Bulls are weakening, the 4-hour MACD shows a bearish divergence at high levels, RSI overbought and declining, hourly bears gaining momentum. Dense trapped longs above, sell-side liquidity significantly exceeding buy-side, with extreme upside resistance.
Operation Suggestion: Sell in the 72300-72800 zone, targets 71200, 70000
3.13 Evening BTC Analysis
The daily line rebounded to the 72000-72500 strong resistance zone, with multiple upward thrusts followed by pullbacks, forming a long upper shadow. Bulls are weakening, the 4-hour MACD shows a bearish divergence at high levels, RSI overbought and declining, hourly bears gaining momentum. Dense trapped longs above, sell-side liquidity significantly exceeding buy-side, with extreme upside resistance.
Operation Suggestion: Sell in the 72300-72800 zone, targets 71200, 70000