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3.17 Morning Analysis
Bitcoin surged to 75761 and maintained consolidation at high levels, with multiple probes of the Bollinger upper band met with resistance and pullback, with bullish momentum gradually weakening.
MA7 and MA30 maintain bullish alignment, with price holding above the Bollinger middle band, short-term trend remains relatively strong; however, repeated long upper wicks at high levels indicate increasing pullback risk.
Overall in a high-level consolidation phase with intensifying multi-空争夺, key focus on the breakthrough direction of the 75700–75900 resistance zone and 75100–74600 support zone.
Operation Suggestions
Bitcoin: Set short positions around 76000-76500, target 74000-74500
$BTC