March 18 Morning Analysis

From the 1-hour level, the coin price encountered resistance at the 74759 level and pulled back, with a long bearish candle at the high directly breaking through the MA7 support. The bullish momentum has clearly slowed down. Currently, MA7 and MA30 are about to form a death cross pointing downward, showing obvious signs of weakening in the short-term trend, with the 74400-74500 zone becoming the new resistance area.

Meanwhile, the Bollinger Band channel is beginning to narrow, and price is reverting toward the midline, with bearish momentum gradually taking control. We should first focus on the support at 74200 below; if it breaks effectively, there could be a further pullback toward the 73553 area nearby. Overall, the short-term structure is bearish; operationally, consider shorting on rebounds after encountering resistance, paying attention to tests in the resistance zone above.

Trading Suggestions
Short on rebounds to the 74700-75200 area, with targets looking down at 73500-72800; on breakdown, continue watching 72000.
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