March 19 BTC Evening Public Strategy

From the 15-minute K-line perspective, BTC price rapidly dropped from 70945 to 69421, forming a volume-expanding long bearish candle breakthrough. Subsequently, it rebounded slightly to around 70500 where it encountered resistance and fell back. Currently, it is in a weak oscillating downtrend structure.

From a technical perspective, the 15-minute RSI is in the 35-40 range, on the edge of oversold territory, with a need for minor rebound correction, but no clear trend reversal signal has yet emerged. The MACD fast and slow lines are crossing downward, green columns continue to expand, and bearish momentum is still releasing with no bottom divergence signals present.

Trading Recommendation: On rebound to 70500-70700, establish short positions with targets at 69500-68500

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