3.25 Evening Analysis

Bitcoin surged to 71,999 but formed a long upper shadow, with obvious high-level price stagnation. The KD indicator entered the overbought zone, and price deviation from the moving average is excessive, creating a need for pullback correction toward the 71,000-70,500 range.

The Fed maintains a hawkish stance, with elevated US Treasury yields suppressing risk assets. Combined with spot ETF outflows, network stability concerns, and tightening regulatory expectations, this further weakens bullish confidence.

Trading Suggestion: Short at 71,800-72,000, reserve backup positions! Target: 70,000-69,500.$BTC $GT $ETH