Evening Bitcoin Analysis on 3.16: Resistance at High Levels, Short Opportunities Emerging
The evening Bitcoin rhythm has given out clear signals! On the 4-hour timeframe, MACD shows an obvious reversal, volume continues to diverge, and bullish momentum is visibly weakening. This is a typical pattern of a short-term high being topped out and a pullback beginning.
Enter in stages at 74100-74600, this level is a short-term strong resistance zone, targeting 71000-72000. Conservative traders can hold longer positions, looking down toward 70500 area.
High-level consolidation is giving short traders
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