Pal Daily Market Report - #BTC 3.12

Daily Chart

1) Here, 785's SSL liquidity has been plundered, and it is still in a downtrend, I don't know where it will drop to, and I don't want to panic.

2) My expected target is always to look at the OB position first. I have always said that long-term players can slowly buy between 78K and 68K, and dollar-cost averaging players can also start investing.

3) Here, after the current plunder, there is an upward rebound; at least the upper 84 position FVG needs to be filled, and we will continue to look at the bearish OB test above.

4) The core tonight is CPI; as long as CPI is less than or equal to 2.9%, it is bullish. If it is greater than or equal to 3, then it will continue to drop, but the probability of this is low.

H1 Chart

1) The current market is showing a volatile upward trend; the pullback to the OB for accumulation is a buying opportunity. Pay attention to trading opportunities here at 805, combined with tonight's CPI.

2) If the OB breaks down and CPI is unfavorable, then we need to be cautious about continuing to make new lows, so when going long, be sure to set a stop loss.