3.16 Bitcoin and Ethereum Intraday Analysis

On Monday's opening, the market immediately showed its attitude. Early session saw a sharp rally, with Bitcoin breaking through the 74k level with strong momentum. Currently, the market is testing this key resistance level for the third consecutive time, and this position is where repeated game-playing is occurring. This could very well be the critical watershed moment for the next major directional choice.

Let me be clear upfront: Xiao Zhuge was excessively bearish in the recent period, and indeed had some rhythm deviations. The market is always changing. But true traders never stubbornly hold onto one view; instead, we follow the price action and respect the trend. Therefore, the current thinking has been adjusted: short-term looking for bullish recovery, but maintaining a bearish view on the medium-term major trend.

From the chart structure perspective, Bitcoin is maintaining a rhythm of oscillating upward and gradually stabilizing and rising during the day. The market is showing a clear bullish-dominated recovery pattern. Both the 4-hour and hourly technical indicators are synchronously releasing bullish signals, with the 4-hour structure having completed preliminary stabilization and bottom-building actions.

Looking at the hourly level, the K-line has broken through the upper band of the Bollinger Band, the chart's center of gravity continues to shift upward, the moving average system shows a bullish alignment structure, and provides clear upward support to the price. This also means the short-term price action still has further room to explore upward.

So going forward, the market has only two outcomes: either a strong breakout and continued rally, or a high-level reversal and another selloff. Xiao Zhuge's current thinking is to follow the short-term trend and look for bullish recovery, but maintain a bearish stance on the major trend. True major movements are often born at such critical positions.

Personal Suggestions
Bitcoin: Buy on dips at 72500-71700, target 74000, breakthrough levels at 76000, 78000!
Ethereum: Buy on dips at 2220-2180, target 2300, breakthrough levels at 2450!
$BTC $SOL #七大央行利率来袭