3.16 Big Bitcoin Market Analysis

Monday's opening price action was decisive and swift, with early session strength pulling sharply higher, breaking through the key resistance level of 74,400. This level has now been tested three times as the third pressure point. The battle between bulls and bears is entering white-hot stage, and this position will become the key watershed determining the subsequent major direction of the market.

The overall chart pattern shows intraday oscillation and upward consolidation with a rebound structure, with bullish recovery dominating. The 4-hour and hourly timeframes are in synchronized bullish signals, and the bottom structure has effectively stabilized.

At the hourly level, price has broken through the upper Bollinger Band, with the overall price center of gravity steadily shifting upward. The moving averages are in bullish alignment, with lower support levels clearly defined. The short-term still has further upside potential.

Trading Suggestions

BTC
Accumulate long positions on pullbacks around 72,700–72,000
Target: 74,000–74,600; if effectively broken, watch 76,000 and 78,000

ETH
Accumulate long positions on pullbacks around 2,230–2,190
Target: 2,300–2,330; if effectively broken, watch 2,400 and 2,450