2026-03-17 00:28:25

3-17 Early Morning Analysis Do Not Chase Rallies, Beware of Bull Traps

BTC rallied to 75400 and then entered a high-level consolidation with stagnant gains. Multiple attempts to break above the Bollinger upper band faced resistance and fell back. Bullish momentum is clearly weakening, with obvious signs of upside exhaustion.

Although the moving averages maintain a bullish alignment and price is holding above the Bollinger middle band, the short-term structure appears relatively strong. However, continuous long upper wicks at the high level, dense selling pressure above, and sharply increased pullback risks suggest the chart is already showing expectations of a rally-and-fall pattern.

Trading Recommendations
Short in batches near 75000-75500 resistance, targets around 73000-72500

BTC0,89%

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