$BTC

3-16 Monday Morning Analysis – Significant Resistance at High Levels, Intraday Focus on Pullbacks A new week begins. Wishing everyone smooth trading and steady profits! Over the weekend, the market remained within a range of fluctuations. In the early morning, bulls quickly pushed higher, with Bitcoin rising to around 73,200 before encountering resistance and pulling back. Currently, it is oscillating and consolidating around 72,500. In the short term, the bulls are temporarily in the lead. The four-hour timeframe shows an upward oscillation relying on the middle band of the Bollinger Bands, but multiple attempts to break through 74,000 faced strong resistance and failed. Although there is rebound momentum among the bulls, there is a lack of effective breakthroughs. As long as 74,000 cannot be firmly surpassed, the overall strategy remains to prioritize short positions at high levels. Trading Suggestions Short in batches around 72,900–73,300, with targets downward around 71,000–70,000 Follow Moyan, focus on contract spot setups. The team still has positions available—join now #比特币站上七万美元 $BTC

【DEGENUSDT Signal】Long: Healthy pullback after a massive breakout, clear institutional wash-out intent DEGENUSDT exhibits textbook【volume-price resonance】and【structural resonance】on the 1-hour chart. At 00:00 Beijing time, the price surged sharply from 0.0008361 by over 19% to 0.000997, with hourly trading volume skyrocketing to 11.66 billion, 38.5 times the previous hour. This is a typical institutional sweep-buying behavior, not driven by retail traders. Although the price pulled back from the high, the correction showed【healthy retracement】characteristics: trading volume contracted sharply from the peak (from 02:00 to 03:00, volume was only 7%-14% of the massive spike), and the price found support and stabilized within the 0.000875-0.000895 range. Currently, the market depth is significant. The order book shows that buy orders from level 1 to 5 total over 2 million units, while sell orders from level 1 to 5 total around 2.5 million units. The bid-ask depth is balanced, with no obvious selling pressure. The 1-hour RSI is at 67.54, in a strong zone but not overbought, leaving room for further upward movement. 🎯 Direction: Long ⚡ Entry: 0.0008800 - 0.0008850 🛑 Stop Loss: 0.0008700 🚀 Targets: 0.0009500 / 0.0009800 🛡 Strategy: At the first target, reduce half of the position; move the stop loss of the remaining position to the entry price for a risk-free pursuit of higher targets. Logic: The massive institutional spike between 00:00 and 01:00 is a clear signal of position building. The subsequent volume contraction and pullback are standard wash-out actions, aimed at clearing retail chasing buyers and previously trapped longs. The current price consolidates in the upper-middle part of the large bullish candle, with heavy buy orders, indicating strong institutional support and a reluctance to let the price fall back to cost basis. In a negative funding rate environment (-0.03%), short positions face increased costs, further weakening the momentum for continued shorting. The least resistance is upward; institutions only need minimal capital to push the price through the previous high, triggering short covering and long chasing buying. View real-time chart 👇 DEGENUSDT --- Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL ‍#Gate广场AI测评官 #加密市场上涨 #比特币站上七万美元