3.12 Evening Analysis
Bitcoin is currently under pressure from the MA7 and MA30 moving averages, with the Bollinger Band middle band effectively broken through. The KDJ indicator shows a death cross pointing downward, short-term bullish momentum is completely exhausted, and the weak structure is clear. From the high, it has formed a bearish pattern of "surge and pullback - moving average inflection - Bollinger Band opening." The first key support below is at 69800; if broken, the target is the 69000-68800 zone.
Tonight at 20:30, the U.S. initial jobless claims for the week ending March 7 will
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