Pal Daily Market Brief - #BTC 3.14 🔥

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 78K-68K, and regular investors can start dollar-cost averaging.

2) The daily market trend is still a downward trend, focusing on testing bearish order blocks for shorting above.

3) The current market is fluctuating around the weekly range, specifically between 775-841. Only if it stabilizes above 841 can we look upwards, first targeting 87 for a potential grab, then observing for a test of order block 90.

4) Remember, the current phase is a downward trend; going long is merely betting on a rebound, and it is essential to set a stop-loss when going long.

H1 Chart

1) Currently, after grabbing MH 841, the market structure is in a fluctuating downward phase.

2) Here, focus on testing 79 SSL below, and stabilizing above 841 for continued testing of 87 BSL.

3) Currently, it is fluctuating in the middle; it is advisable to operate cautiously at the hourly level. In terms of the downward trend, if 84 tests a bearish order block and refuses to distribute, consider shorting with a stop-loss on breakthrough.