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3.18 Wednesday Afternoon Bitcoin Latest Analysis
The intraday morning session showed no significant volatility, with continuous consolidation leaving traders helpless. An afternoon pullback directly locked in stable profits, with Bitcoin currently oscillating around 74000.
Bitcoin failed to extend its gains after the initial surge and instead remained in low-level consolidation. As long and short positions repeatedly adjusted, the momentum of the bullish advance continued to weaken. The afternoon outlook remains bearish.
Reference 74200, 74600 nearby for shorts, targeting 72500-71000 downside, with a breakdown potentially leading to below 70000. $BTC