3.17 Monday Bitcoin Analysis:

In the early morning period, Bitcoin also saw a significant bullish candle, bringing some vitality to the weekend's sluggish sentiment. The subsequent movement is a normal rise followed by a pullback, returning to the bottom to start recovery and accumulate momentum.

Currently, we have refreshed the recent low again, and it is clear that there is a continuous pattern of rising and repairing, with new lows being established. Technical indicators have also formed a certain dead cross, so our overall approach today continues to be bullish.

Bitcoin is in the range of 8.32-8.38w, aiming for a break below 8.2w to continue downwards, with a defense at 8.4w to follow the trend.