3.17 Morning Market Analysis and Trading Recommendations



The 15-minute chart continued to push higher after 74875 and has been fluctuating around 74650. Bitcoin has reached 9 consecutive bullish candles today, which likely indicates a bull trap before a sharp decline. Everyone should maintain defensive positions and trade steadily.

The Bollinger Band middle band at 73600 constitutes strong short-term resistance, with price consolidating below the middle band.

Trading Strategy: Conservative approach.

Trading Recommendations

Bitcoin: Short in batches in the 75400—75800 range, targeting 72500-71500
Ethereum: Short in batches in the 2380—2400 range, targeting 2150—2100
BTC-0,43%
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