Muufeng·3.18 Wednesday Evening Market Analysis



From the daily chart structure, Bitcoin has pulled back from its highs and continues to consolidate above 72000, with the overall trend running within a converging wedge pattern. Short-term upward momentum has slowed somewhat, with bulls and bears in a stage of stalemate and oscillation.

In terms of volume, the OBV indicator continues to show steady volume expansion, with bullish momentum gradually accumulating and building strength, storing energy for a subsequent upward breakthrough. If the market can effectively stabilize above and break through the upper rail resistance of the wedge pattern, it is expected to open up a new round of upside space, challenging the key resistance zone of 78000-79000 from earlier.

Trading Strategy

Bitcoin: Accumulate long positions in batches in the 71500-72000 range, with targets toward 75000
Ethereum: Accumulate long positions in batches in the 2200-2220 range, with targets toward 2360
BTC-4.11%
ETH-6.01%
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