3.16 Monday Mufeng Evening Market Analysis

Monday's opening market action was extremely decisive, with the early session sharp rally directly breaking through the key 74.4W level. This is the third test of this resistance level, and the bull-bear contest has reached a white-hot stage. This is the watershed moment that will set the direction for the next major move.

The intraday market structure shows oscillating uptrend and stabilization recovery, with bullish repair dominating. The 4-hour and hourly timeframes show resonating bullish signals, completing bottom stabilization.

Hourly level has broken above the Bollinger Band upper rail, with the price center of gravity shifting upward, bullish aligned moving averages, and clear support levels. The short-term still has room to move higher.

Trading Suggestions:
✅ BTC: Buy near 72700–72000
Target: 74000–74600, on breakout see 76000, 78000

✅ ETH: Buy near 2230–2190
Target: 2300–2330, on breakout see 2400, 2450
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