3.16 Monday

Weekend wrap-up, new week begins, wishing everyone smooth trading and steady profits!

The market continued its narrow range consolidation over the weekend. In the early morning session, bulls suddenly exerted force, pulling sharply higher, with BTC briefly surging to around 73200, only to face obvious selling pressure and retreat. Currently oscillating around the 72500 zone.

Short-term bulls temporarily hold the advantage, with the 4-hour cycle bouncing off Bollinger Band mid-line support and moving higher in steps. However, the core signal on the chart is clear: the 74000 round number level above represents a strong resistance zone. Bulls have attacked multiple times but failed to effectively break through, with heavy selling pressure at higher levels. The short-term pattern shows strength without breakthrough, vigor without continuation—a consolidation range.

As long as the key resistance at 74000 is not effectively sustained, all rebounds are viewed as corrective moves. Today's main strategy remains: fade rallies on highs, avoid chasing longs blindly.

Today's Suggestions

Accumulate short positions on rallies to 72900–73600
First target below: 71000, further support at 70000$ETH $BTC #比特币升回7万