3-19 Morning Market Analysis

The market opened with high-level consolidation and repair action, with intensified long-short competition and rapid short-term rhythm switches. Trading strategy focuses on buying on dips and strict risk management.

Technical Analysis

The 4-hour MACD fast line has broken down through the slow line, forming a bearish crossover at high levels. Short-term bullish momentum is cooling, and price is entering a technical correction cycle. The daily MACD red column continues to compress in volume, with the earlier strong upside push momentum clearly weakening. Medium-term pullback confirmation of support is needed in the short term, but the mid-term uptrend structure remains intact.

Key support to watch below: 69000-69500 zone. This is the core mid-term bullish defense line and the previous dense trading area. As long as this zone holds without effective breakdown, the overall uptrend remains intact, and pullbacks present long opportunities.

Trading Recommendations

BTC: Accumulate longs in increments around 70000-70500, target 72000-73000 range

ETH: Accumulate longs in increments around 2160-2180, target 2270-2320 range