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Muwind·3.18 Wednesday Evening Market Analysis
From the daily chart perspective, Bitcoin has pulled back from its highs and has been consolidating above 72,000, mainly trading within a converging wedge pattern. The short-term upward momentum has slowed, and bulls and bears are in a phase of stalemate.
In terms of volume, the OBV indicator continues to show moderate growth, with bullish forces gradually accumulating and building momentum for a future upward breakout. If the market can effectively hold above and break through the upper resistance of the wedge, it may open up a new upward space, challenging the previous key resistance zone of 78,000-79,000.
Trading Strategy
Bitcoin: Buy in stages within the 71,500-72,000 range, aiming for 75,000
Ethereum: Buy in stages within the 2,200-2,220 range, aiming for 2,360