3.13 Afternoon Analysis



The current situation combined with technical signals presents characteristics of a bull trap at high levels with waning momentum. The short-term rally has been excessive, with daily-level divergence signals appearing at the top, RSI relative strength indicator in overbought territory, and long momentum exhausted.

Upside support is insufficient, volume coordination is gradually declining, and rebound space is limited.

The morning rally is primarily fund replenishment behavior rather than a trend reversal. Selling pressure from trapped longs has not yet fully dissipated.

- The news environment lacks sustained positive catalysts, and technical and fundamental support are mismatched. A one-sided uptrend is unlikely in the short term.

Trading Recommendation: Short bias, short 71700-72000 levels, target 69300-70000. $BTC $GT $ETH
BTC2,82%
GT1,28%
ETH3%
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