3.24 Tuesday Afternoon BTC Latest Analysis - Weak Rebound, Short from Highs Unchanged

Although the oscillation is tedious, it hasn't deviated from our expected trajectory. BTC dropped to around 700 during midday, the 710 short we provided this morning also has a thousand-point range, currently BTC is oscillating around 703.

On the 4-hour chart, after BTC failed to sustain its rise yesterday, it subsequently came under pressure and declined. Currently showing consecutive bearish candles moving lower, the short-term rebound has come to an end. On the hourly chart, the Bollinger Bands are narrowing, price surged and pulled back, now breaking below the middle band, the attached indicators are resonating downward with the 4-hour attached indicators, short-term bulls are losing momentum. Meanwhile, in the absence of one-sided movement, upside space has been released, making it inadvisable to chase rallies. Afternoon stance: short from highs remains unchanged.

Short-term resistance is concentrated in the 715-720 zone. If the market touches this zone without breaking, go short directly. Aggressive traders can enter shorts in batches near 706-710. Unified target below: 690-680 zone.