3.16 Monday Evening Market Analysis with Mufen

Monday's opening market action was extremely decisive, with early session rapid gains directly breaking through the key 74400 resistance level. This marks the third test of this pressure point, with long-short dynamics reaching a white-hot stage. This level serves as the watershed that will set the direction for what comes next.

The intraday structure shows oscillating uptrend consolidation with recovered strength, with bulls in control of the recovery. Four-hour and one-hour timeframes show converging bullish signals with bottom consolidation completed.

The one-hour level has broken through the upper Bollinger Band, with price momentum shifting upward, bullish moving average alignment with clear support, and continued upside potential in the short term.

Operation Suggestions:

✅ BTC: Long near 72700–72000
Target: 74000–74600, on breakout watch 76000, 78000

✅ ETH: Long near 2230–2190
Target: 2300–2330, on breakout watch 2400, 2450

#加密市场上涨