3.16 Morning Market Analysis



From the 15-minute timeframe perspective, after initiating from the low of 70605.1, a strong uptrend has formed, with the intraday high touching 72285.2, currently pulling back to around 72010.7.

The Bollinger Bands indicator shows the upper resistance at 72066.7, the middle support at 71647.9, and the lower support at 71229. After briefly piercing the upper band, there was a minor pullback, with the overall momentum remaining in a strong bullish zone.

Short-term bullish momentum is abundant, holding above the middle band, with moving averages in bullish alignment, and the uptrend remains intact.

Trading Suggestions

At resistance in the 72000-72500 zone, consider setting up short positions, targeting 71000-70200$BTC #Gate2月衍生品市场份额创新高
BTC2,78%
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