3.5 Bitcoin Afternoon Market Analysis

From the 15-minute chart, BTC experienced a technical rebound after a dip in the early session. The price is temporarily holding above the middle band of the Bollinger Bands, indicating some short-term bullish correction momentum:

Short-term perspective: The price has rebounded from the support at the lower Bollinger Band around 72,143 and is gradually approaching the middle band at 72,534. With decreasing volume, it is highly likely to continue a slight rebound in the afternoon, testing the resistance in the 72,800-73,000 range.

Major trend judgment: There is a short-term rebound, but the core trend remains bearish. From the overall Bollinger Band shape, the upper band continues to turn downward, and the middle band is beginning to flatten and press down, indicating that medium-term bearish forces have not dissipated. The current rebound is more of a technical correction during a decline rather than a trend reversal.

Short-term: If the price retraces to the 71,800-72,000 support zone, consider adding to long positions and betting on a secondary rebound.

Long-term trend: Maintain the bearish outlook. A rebound is an opportunity to short, with key support still at the 72,000 level. Breaking below 71,500 would fully open the downward trend.