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#BTC 3.17 Evening Analysis
The pancake has been fluctuating in the range of 81000-85000 recently. During the day today, it touched down to only 81936 despite some probing. Looking back from before and after Trump's election, the pancake has dropped from 110000 to the present, with a pullback exceeding 25%. From the hourly technical perspective, although there is an upward trend, the trading volume is clearly insufficient, and the price has been fluctuating narrowly in the range of 82000-83500. Tonight, without any early release of positive or negative news, it is expected that this range-bound oscillation will continue. However, attention should be paid to whether the price can break through the resistance level of 85600 after the opening of the US stock market. Once the resistance level is broken, the price is expected to test near 87800. In the short term, there are two support levels, which are 80000 and the previous low of 78000. It is still recommended to operate around the range tonight with profit-taking as the main focus.
Around 81500-82500 for Doo, target 85000, if controlling around 84500-85500, target 8200#BTC