3.18 Morning Market Analysis

From the 1-hour level, the coin price encountered resistance at the 74759 level and pulled back, with a long bearish candle at the high directly breaking through the MA7 support. The bullish momentum has clearly slowed down. Currently, MA7 and MA30 are about to form a death cross downward, with obvious signs of weakening in the short-term trend, and the 74400-74500 zone has become the new resistance area.

At the same time, the Bollinger Band channel is beginning to narrow, with prices pulling back toward the middle band, and bearish momentum gradually taking the initiative. Below, pay attention first to the 74200 support level. If it is effectively broken, it may further decline to around 73553. Overall, the short-term pattern is bearish. Operationally, consider shorting primarily after rebounds encounter resistance, and watch for tests in the upper resistance zone.

Operation Suggestions

Short at rebounds to 74700-75200 area, targets look down at 73500-72800, if broken continue to look down at 72000.

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