March 17 Bitcoin Midday Public Strategy

The morning session surged higher followed by consecutive bearish candles, with price breaking below the short-term moving average and forming a dark cloud cover pattern at high levels, indicating obvious weakening of bullish momentum.

From a technical perspective, the 5-day moving average has turned downward, with price trading below the 5-day MA, suggesting a weakening short-term trend; however, the 10-day moving average remains upward, indicating the medium-term trend has not been broken.

Operation Suggestion: On rebounds near 74800-75000, establish short positions, targeting 74000-73500

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