March 16 Bitcoin Market Summary

The weekend consolidation and washout have ended. In the early morning, we followed the market trend and went long at 71500, capturing 1500 points. The subsequent market movement aligned perfectly with our expectations. This morning we provided a clear bullish outlook to everyone, and the market validated our analysis perfectly. Today, BTC achieved two consecutive successful long positions, capturing 2300 points of space with strong momentum. Our two live trading signals led students to achieve precise profit-taking twice while avoiding the afternoon crash. In the crypto market, one must maintain a clear head at all times to avoid unnecessary risks.

Looking at BTC's 4-hour chart, combined with the earlier low-level rally, the K-line structure presents a typical ascending breakout followed by oscillatory correction. Although pullbacks occurred, the Bollinger Band midline remains strong support, with gradually weakening rebound amplitude. From the 1-hour perspective, the current price has pulled back slightly after touching the upper Bollinger Band but quickly rebounded. This indicates there is limited downside room within the Bollinger Band and this correction phase is essentially complete. Short-term outlook remains bullish unchanged, with expectations for continued upward movement.

BTC around 73400 to 73000, watch 75000. ETH around 2270 to 2240, watch 2350.