3.17 Afternoon Market Analysis

The current chart structure of Bitcoin is very clear, with the bulls firmly holding their ground. On the 1-hour level, it appears to be moving in steps, with the bottom getting higher and higher. The K-line is steadily stepping on the Bollinger midline moving upward, and any pullback is quickly "filled" by capital inflows. Switching to the 4-hour view, the Bollinger Bands have opened upward, with price running along the upper band. This is definitely not a weak rebound, but a genuine trending market. In such a situation, following the trend is the only choice.

Operation Suggestions

On pullbacks to 74100-73600 area go long, with targets looking at 75400-76000, if broken continue to watch for 77000.
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