3.16 Monday Morning Market Analysis by Mufeng



Good morning everyone, a new week of trading begins. After the weekend consolidation, Bitcoin has stabilized and rallied from the 70300 support level, with early morning highs breaking through the 73000 mark.

Currently oscillating at high levels around 72800, with violent market swings showing clear whale wash-out patterns. The hourly level has broken above the upper band and is in a strong uptrend channel, with a confirmed mid-term uptrend. For early morning operations, it is recommended to buy on dips.

Monday Early Morning Strategy:
Bitcoin: Buy near 72500–72000, Target 73600–74400
Ethereum: Buy near 2170–2140, Target 2220–2260
BTC2.91%
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