$BTC 3.17 Afternoon Bitcoin Ethereum Market Analysis and Trading Recommendations

From the current market structure perspective, the market has entered a powerful control pattern. On the 4-hour timeframe, the coin price has consistently relied on the upper Bollinger Band to present a steady upward oscillation trend. Although the market is not a one-sided violent rally, this "two steps forward, one step back" slow bull movement often indicates more sustainable momentum. It is worth noting that despite the large fluctuation base, each rally is accompanied by certain pullbacks to wash out floating positions, but the lows of the pullbacks keep rising, and the price has moved far away from the support zone of the middle track. This technical pattern indicates that the buying support below is very strong, and the current main line of the market is still firmly controlled by the bulls. Ethereum, as a leading indicator, has also demonstrated the same strong character, further confirming the overall market recovery.

Switching to the 1-hour short-term timeframe, the intention of the bulls is clearer. We can see that the coin price consistently marches upward along the upper Bollinger Band, this way of running close to the ultra-strong track is a typical bull control characteristic. Although after refreshing the high point, the market did experience a certain degree of pullback correction, this is not a trend reversal. In strong markets, sharp rises with gradual declines are the norm, this type of rapid pullback is often the process of technical indicator repair, meant to wash out hesitant short-term positions and clear obstacles for subsequent rallies. This pullback seems more like accumulating strength for the next surge, after the pullback correction is complete and stabilization signals appear, we still firmly remain bullish, and the subsequent coin price is likely to continue seeking upside breakthroughs and reach new heights.

Afternoon BTC can go long near 73500, target 75500
Afternoon ETH can go long near 2300, target 2400#比特币站上7.5万美元