3.17 Early Morning Analysis

Bitcoin surged to 75761 and maintained high-level consolidation. Multiple attempts to test the upper Bollinger Band were met with resistance and pullbacks, with bullish momentum gradually weakening.
MA7 and MA30 maintain bullish alignment, with price holding above the middle Bollinger Band. Short-term trend remains relatively strong; however, repeated long upper shadows at high levels suggest increasing pullback risks.

Overall in a high-level consolidation phase, with intensifying long-short competition. Key focus on breakthrough direction of 75700–75900 resistance zone and 75100–74600 support zone.

Trading Suggestion

Layout short positions near Bitcoin 76000-76500, with target around 74000-74500.

$BTC