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3.16 Monday $BTC $ETH Morning Market Analysis
Good morning everyone, a new week of market action begins. After weekend consolidation, BTC has stabilized and rallied from support around 70,300, breaking through the 73,000 level this morning.
Currently oscillating at high levels around 72,800, with volatile price action and obvious whipsaw patterns from major players. The hourly chart has broken above the upper band and is in a strong uptrend channel. The medium-term uptrend is clear; tactically, we recommend buying on dips this morning.
Monday Morning Strategy:
BTC: Buy near 72,500–72,000, target 73,600–74,400
ETH: Buy near 2,170–2,140, target 2,220–2,260