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3.13 Morning Market Analysis and Trading Suggestions
The 15-minute chart rallied to 70532 before continuing to decline, with a low of 69303 reached, representing a typical false breakout washout. Short-term sentiment remains range-bound.
The Bollinger Band middle band at 70600 acts as strong resistance in the short term. Price consolidation below the middle band, with the major uptrend intact.
Trading Strategy: Focus on buying dips, entering on pullbacks following the trend, with stability as the priority.
Trading Recommendations
Bitcoin: Buy in batches in the 69700—69300 range, targeting 71500—72500
Ethereum: Buy in batches in the 2040—2000 range, targeting 2090—2150