3.30 Afternoon Analysis



1-hour surge to the top at 67777 followed by a rapid pullback and a bearish close. The price was pressured from the upper Bollinger Band and fell back, indicating that bullish momentum is clearly weakening; after high-level stagnation, a pullback occurred, and short-term upward momentum is weak. The midline at 66619 below is a key support level. If it is broken, further downside space will open up, and the short-term trend is bearish.

Recently, Federal Reserve officials have continued to release hawkish comments, emphasizing that inflation still carries the risk of recurrence. Market expectations for a rate cut in May have cooled down, the US dollar index has stabilized and rebounded, directly suppressing Bitcoin bullish sentiment; combined with a short-term correction in tech stocks and a decline in market risk aversion, funds are withdrawing from risk assets, which is negative for the crypto market.

Trading suggestion: 68000-68500 range, target 66000-66500. $DOGE $GT $BTC
DOGE1,98%
GT0,45%
BTC1,29%
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RaB
RaBRed and Black
MC:$2.25KHolders:1
0.00%
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