3.16 Bitcoin and Ethereum Intraday Thinking

On Monday's opening, the market immediately showed its attitude. Early morning saw a sharp rally, with Bitcoin breaking through the 74K level with strong momentum. Currently, this is the third consecutive test of this key resistance level, with the market repeatedly battling at this position. This is very likely the watershed moment for the next major directional choice.

Let me be clear upfront—I was overly bearish in the previous phase and indeed had some timing issues. The market is always changing. But a true trader never stubbornly holds to a viewpoint; instead, they follow the price action and respect the trend. So my current thinking has adjusted: short-term looking for upside correction, but maintaining a bearish outlook on the medium-term major trend.

From the chart structure, Bitcoin is maintaining a rhythm of oscillating upward and gradually stabilizing with recovery intraday. The market is showing a clear bullish-dominated correction pattern. The 4-hour and hourly technical indicators are simultaneously releasing bullish signals, with the 4-hour structure already completing initial stabilization and bottom-building action.

Looking at the hourly level, the K-line has broken through the upper Bollinger Band resistance, the chart's center of gravity continues to shift upward, and the moving average system presents a bullish alignment structure with clear upward support for price. This also means the short-term rally still has further upside exploration room.

So going forward, the market has only two scenarios: either a strong breakthrough with continued upside, or a high-level reversal with another sharp drop. My current thinking is to go long with the trend on short-term correction, but maintain a bearish approach on the major trend. True major moves often originate from these critical levels.

Personal Suggestions:
Bitcoin: Enter long at 72500-71700, target looking at 74000, on breakout look at 76000, 78000!
Ethereum: Enter long at 2220-2180, target looking at 2300, on breakout look at 2450!
$BTC $SOL #七大央行利率来袭