3.14 Morning Analysis

Yesterday's unexpected surge was fundamentally driven by the resonance of "political dividend + forced liquidation of shorts." The news of Trump hosting a dinner for TRUMP holders ignited market sentiment, combined with continuous net purchases by institutional ETFs, triggering violent short covering in the futures market. Price broke through the 72000 resistance level in one move, reaching a new high of 72575, with the daily line recording a large bullish candle and market sentiment extremely euphoric.

After the sharp rally, momentum has significantly weakened. Today's market shows a high-level consolidation pattern, with hourly K-line running closely against the Bollinger Upper Band (UP: 72789), displaying obvious long upper wicks and fading bullish offense, facing strong technical correction demand.

Moving Average Divergence: MA7 (71973) and MA30 (70842) have excessive deviation rate, with price far from moving average support, with possibility of retracement to moving averages for correction at any time. KDJ showing high-level stagnation and beginning to turn downward, with insufficient volume cooperation, the uptrend logic already showing fatigue.

Operation Suggestions: Short 71300-71800, target 69300-69800.$BTC $ETH $SOL