3.17 Afternoon Market Update



Price has pulled back from morning highs/lows, and buyer momentum is consolidating. Currently in a multi/bearish balance.

Bitcoin's moving averages remain in bullish alignment, firmly positioned above intermediate-term MAs. The intermediate-term correction trend has essentially concluded, and the uptrend remains very pronounced. Although short-term price action shows consolidation at elevated levels, the upside structure remains intact. From momentum indicators, we can observe that when Bitcoin price pulled back to around 74000, trading volume contracted significantly, yet main force capital remains in the market—a classic wash-out characteristic. Once the consolidation observation period ends, it will signal the next short-term entry opportunity.

Bitcoin can go long at 73700-74000, targeting 76000. Simultaneously, Ethereum long at 2280-2300, targeting 2390. #比特币站上7.5万美元 $BTC $BTC
BTC0,33%
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