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$BTC 3.18 Early Morning Bitcoin and Ethereum Market Analysis and Trading Recommendations
From the current structure perspective, the price in the key bull-bear dividing line area has not shown panic selling, but instead has chosen repeated oscillation and consolidation, which itself is a relatively bullish signal. Particularly on the four-hour timeframe, although the early session showed a rally followed by pullback with a relatively long upper wick, which technically does give the illusion of a short-term top.
Currently, the market has halted the morning downward momentum and is beginning to oscillate back upward. The key focus going forward is very clear: whether the current price can effectively hold steady above the previous key resistance level. As long as this action is successfully accomplished, the reversal of "resistance turning into support" will be formally established, which will open space for the next round of rebounds or even reversals.
Therefore, for trading strategy in the early morning, we can still maintain a predominantly long-on-dips approach. Before the strong support zone below is effectively broken, there's no need to panic due to oscillations. Patiently waiting for low-buy opportunities after pullback confirmation may be the more prudent choice for this early morning session.#比特币站上7.5万美元