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3.18 Wednesday Mufeng Afternoon Market Analysis
The white market continued the oscillation from early morning, wearing down many traders' patience. However, from both the chart and macro perspective, short-term upside momentum remains strong, and pullbacks appear to be consolidation rather than trend reversal.
From the 1-hour K-line perspective, both Bitcoin and Ethereum have formed a typical bullish pattern of "rallying high with pullback support + moving average support."
Operation Suggestions
Bitcoin: Buy on dips in the 73650-73150 range, target 74700. Upon breakthrough, reduce positions and look toward 75800-76300, stop loss at 72800.
Ethereum: Buy on dips in the 2275-2243 range, target 2345. Upon breakthrough, reduce positions and look toward 2380-2423, stop loss at 2200.