3.12 Evening BTC Analysis

The middle band of the Bollinger Bands is around 69,800, the upper band at 72,000, and the lower band at 67,800; the price is oscillating near the middle band, with the Bollinger Bands contracting, indicating a sideways trend. The MA5 and MA10 are flat, and the MA30 provides support at 69,300. Short-term moving averages are converging, with an unclear direction. The KDJ indicator has retreated to around 50, after a dead cross at high levels, then recovered. The overall bias is bearish but without a breakdown.
Operation suggestion: Short positions around 71,000-71,500, with targets at 69,500 and 68,000.