3.16 Morning Market Analysis



From the 15-minute level perspective, after starting 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.

Bollinger Bands indicator shows upper band resistance at 72066.7, middle band support at 71647.9, and lower band support at 71229. After a brief break above the upper band, there was a minor pullback, with the overall trend remaining in a strong bullish zone.

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

Operation Suggestion

Upon rebound to the 72000-72500 zone facing resistance, consider setting up short positions, with targets toward 71000-70200$BTC #Gate2月衍生品市场份额创新高
BTC3.69%
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