Pal Daily Market Report - #BTC 3.15

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Daily Chart

1) BTC is currently in a bottom consolidation phase, but the exact bottom position cannot be determined. Long-term investors can gradually buy between 7W8-6W8, and dollar-cost averaging players can start their investments.

2) The daily market trend is still a downward trend, pay attention to testing the bearish order block for shorting.

3) Yesterday, it tested 841 again, and it is still the case that only if it stabilizes above 841 can we look upwards. First, watch for a raid on 87, then look for an order block test at 90.

4) Remember, the current phase is a downward trend. Going long is a gamble on a rebound, and when going long, it is essential to set a stop loss properly.

H1 Chart

1) Since it has broken out, we look at it according to an upward trend. Here, a pullback to the order block is a buying opportunity, with a stop loss below.

2) The next target is 87 BSL raid.