3.17 Market Summary and Subsequent Direction

Today's Daily Trend Summary

1. Overall trend today: Price surged from the low of 73122 to the intraday high of 75998, followed by a significant pullback, currently oscillating around 74110.4, displaying an inverted V-shape pattern of rise followed by decline. Early session bulls pushed prices up strongly, midday encountered selling pressure at higher levels triggering a one-sided correction, with bearish momentum gradually taking control and retracing most of the gains.

2. Afternoon strategy: Executed timely risk management exits near 75000 in the high-price zone, effectively avoiding subsequent downside risks; in the afternoon, followed the trend by establishing short positions, successfully capturing correction profits and taking profits to exit.

4. Current market is trading around 73500, for the short-term trend I lean towards an initial downside technical retest, completing the shakeout washout and indicator repair, then resuming upward probing towards the 75000 level, maintaining an overall rhythm of first retracing, then surging higher. Ethereum follows the same pattern as Bitcoin.

3. BTC Direction: Bullish

Entry Reference Zone: 73200～73800
Target Level: 75000
Stop Loss: 74500

ETH Direction: Bullish

Entry Reference Zone: 2320～2300
Target Level: 2370
Stop Loss: 2340
$BTC