3.12 Evening Market Analysis

Bitcoin is currently under dual pressure from the MA7 and MA30 moving averages, with key moving averages effectively broken below. The KDJ indicator shows a death cross pointing downward, with short-term bullish momentum clearly weakening and a bearish pattern clearly established.

The chart shows a standard bearish structure: pullback from highs → moving average reversal → increased volatility. The first support below is at 69,800, with targets at 69,000-68,800 after a breakdown.

Trading Recommendations

Bitcoin: Set up short positions around 71,000-71,500, targeting 68,500-69,000
Ethereum: Set up short positions around 2,090-2,105, targeting 2,005-1,900#Gate2月衍生品市场份额创新高 $BTC $GT