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3-16 Monday Morning Analysis Clear Pressure at High Levels, Prioritize Looking for Pullbacks Today #BTC #ETH
A new week begins, wishing everyone smooth trading and steady profits!
The market maintained range consolidation over the weekend, with bulls rapidly pushing higher in the early morning. BTC surged to around 73200 but encountered resistance and pulled back, currently consolidating around 72500.
Short-term bulls are temporarily dominant, oscillating upward on the four-hour level relying on the Bollinger mid-band, but multiple attempts to break through 74000 have faced heavy resistance above. Although bulls have rebound momentum, they lack an effective breakout. As long as they cannot hold above 74000, the overall strategy remains bearish at highs.
Trading Recommendation
Short in batches near 72900–73300, target downside viewed near 71000–70000 #Gate广场AI测评官 #Gate2月衍生品市场份额创新高 #加密市场上涨