BTC Analysis on March 18th
BTC has attempted to break through 84,000 several times tonight but has been suppressed back into the consolidation range. Although the recently released economic data is not as weak as before, the market sentiment has not effectively improved, and everyone is feeling numb from the fluctuations.
Currently, there are signs of another upward movement, but the trading volume remains sluggish. Even if it rises above 84,000, there hasn't been a significant increase in volume to support a breakthrough. Let's first look for a downward move to capture liquidity before determining if it can lead to a valid upward breakthrough!
For operations in the early morning, consider placing limit orders around 84,100-84,300 and aim for a move towards the 82,000 level.
