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3.24 Tuesday Afternoon BTC Latest Analysis: Rebound Lacks Momentum, Bearish Bias Unchanged. Although the volatility is grinding, it hasn't deviated from the expected trajectory. The intraday low touched around 700. The 710 short position given in the morning has profit-taking space, currently fluctuating around 703. On the 4-hour chart, yesterday's rally failed to continue, then came under pressure and declined. Currently in consecutive bearish candles, short-term rebound has ended. On the hourly chart, Bollinger Bands are contracting, price rallied and fell back through the midline, and attached indicators form bearish resonance with the 4-hour chart. Short-term bullish momentum is insufficient. Under volatile conditions, upside space has been released, don't chase rallies.
Maintain bearish bias in the afternoon. Short-term resistance is in the 715-720 zone. If touched without breaking, can enter shorts directly. Aggressive traders can scale into shorts near 706, 710. Downside targets unified to watch 690-680 zone.