March 18 Wednesday Morning Market Analysis with Mufeng



Yesterday's market rallied and pulled back, with the coin price reaching a high of 74,777 before declining, retracing to a low around 73,300, currently consolidating at higher levels near 74,000.

From the current chart structure, the market's short-term pullback momentum is not strong, with bulls continuing to consolidate at higher levels, showing a pattern of gathering strength before a breakout.

The hourly chart shows a range-bound oscillation pattern, with the directional trend not yet clear. Based on comprehensive analysis of both larger and smaller timeframes, the early session maintains a strategy of buying on dips.

Operation Suggestions

Bitcoin: Establish long positions near 73,500-73,000, target zone around 75,500

Ethereum: Establish long positions near 2,300-2,280, target zone around 2,400
BTC-0,18%
ETH0,75%
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