🕵️ In the past 8 hours, Blackrock withdrew 4,172 $BTC ($296.17M) from Coinbase. Since Feb 23, they’ve withdrawn 26,735.39 $BTC ($1.83B) and deposited 5,782.73 $BTC ($376.86M), for a net inflow of 20,952.66 $BTC ($1.48B). Free Academy & VIP Access #crypto

Midnight Bitcoin fluctuated narrowly around 71,000. I thought it could stabilize, but it weakened again in the morning, declining all the way down to the 70,600 level before barely recovering. The altcoin also retested the 2050 level to stop the decline and recovered to 2100 before facing resistance again, indicating continued volatility. From the four-hour chart perspective, Bitcoin is currently in a retracement phase within an upward trend. After falling from the high of 74,046, the price has consecutively closed with bearish candles and has now broken below the middle band of the Bollinger Bands, testing the lower band area. The moving average system is beginning to turn downward, with short-term moving averages forming a death cross. The MACD fast and slow lines have crossed at a high level and continue to diverge downward, with increasing green momentum bars, indicating further short-term pullback needs. The four-hour RSI has entered the oversold zone, and the KDJ indicator is at a low level, suggesting a technical rebound is building. This retracement is mainly to clear out short-term profit-taking and prepare for the next upward move. Bitcoin can be longed around 70,000-70,500, targeting near 72,000. The altcoin can be longed around 2050-2070, targeting near 2150. #加密市场上涨 $BTC $ETH

Morning Analysis The short-term rebound failed to continue. Bitcoin touched 74,000 early yesterday morning and then moved sideways downward. Early this morning, it dropped to a low of 70,600. The bearish outlook held yesterday, resulting in clear gains. Currently, it is fluctuating around 71,000. The four-hour chart shows obvious signs of stagnation. After being pressured at the 74,000 level, it experienced continuous decline, with weak rebound strength, unable to resist the bearish momentum. The current moving average system is in a bearish alignment. The MACD lines have a dead cross downward, and the KDJ lines are diverging downward simultaneously. The short-term bearish trend dominates, and there is still room for further decline. Trading Suggestions Shorts around 71,800-72,300 targeting 69,000-69,500 Shorts around 2,110-2,140 targeting 1,940-1,980