3.16 Morning Analysis



BTC surged to 71989 but faced resistance and pulled back. Price continues to trade below the upper Bollinger Band, with obvious weakening of bullish momentum.
Both MA7 and MA30 are turning downward, and price has repeatedly failed to break through the middle band resistance multiple times. Short-term trend is bearish.
Combined with volume and market sentiment, the early morning session is likely to continue the weakness. Operationally, we suggest focusing on shorting. Watch 71800-71900 resistance above and 71300-71000 support below.

Trading Suggestion: Short 72200-72700, target 70200-70500.
BTC2,66%
View Original
post-image
bst
bstraselbst
MC:$2.44KHolders:0
0.00%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin