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3.16 Bitcoin and Ethereum Afternoon Analysis
The afternoon pullback strategy remains unchanged with a focus on buying dips. The current correction has gradually reached its target level, and those who haven't entered yet can seize the opportunity to establish positions. As expected, the market is experiencing pressure-induced pullbacks accompanied by volume expansion, entering a phase of short-term consolidation and recovery.
From the hourly perspective, the recovery pattern still has some room for continuation. Currently, the coin price is trading within the Bollinger Band upper band range, with continuous pressure from the upper band and synchronized volume expansion, suggesting there is still some room for a slight pullback in the short term. For subsequent operations, you can focus on the entry zones provided in the afternoon, establishing positions in batches at the lower levels of the range.
BTC: Buy near 72800-73500, target 75000
ETH: Buy near 2200-2230, target 2350
$BTC $ETH $SOL