3.17 Morning Analysis



BTC surged to 75761 and maintained consolidation at higher levels, with multiple attempts to break through the upper Bollinger Band met with resistance and pullback. Bullish momentum is gradually weakening.

MA7 and MA30 maintain a bullish alignment, with price holding above the middle Bollinger Band, short-term trend remains relatively strong; however, repeated long upper wicks at higher levels indicate increasing pullback risk.

Overall in a high-level consolidation phase with intensifying long-short competition. Key focus on breakthrough direction of the 75700–75900 resistance zone and 75100–74600 support zone.

Trading Recommendations

BTC: Set up short positions around 76000-76500, targeting 74000-74500 area

$BTC
BTC1,22%
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