3.17 Midday Market Analysis

The current chart structure of Bitcoin is very clear, with bulls having firmly established their foothold. The 1-hour level appears to be walking in steps, with the bottom getting higher and higher. The K-line is steadily treading along the Bollinger middle band upward, and any pullback is quickly "filled" by capital inflows. Switching to the 4-hour view, the Bollinger Bands have opened upward, with price running along the upper band. This is by no means a soft rebound, but a genuine trending market. In this situation, following the trend is the only choice.

Operation Suggestions

Long on pullbacks near 74100-73600, targets up to 75400-76000, if broken through, continue looking at 77000.
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