Pal Daily Market Report - #BTC 3.12

CN
11 hours ago

Pal Daily Market Discussion Group: http://t.me/pabuers Welcome to join the discussion~

Daily

Line Chart

1) Here, the SSL liquidity of 785 has been plundered, and it is still in a downtrend. I don't know where it will drop to, and I don't want to panic.

2) My expected target has always been to look at the OB position. I have been saying that long-term players can slowly buy between 78K-68K, and regular investment players can also start their investments.

3) Currently, after the plunder, there is a rebound here. At least the upper FVG at position 84 needs to be filled, and we will continue to look for bearish OB tests above.

4) Tonight's core focus is on CPI. As long as CPI is less than or equal to 2.9%, it is bullish. If it is greater than or equal to 3, then it will continue to drop, but the probability of this is low.

Hourly

Chart 1

1) The current market is experiencing a volatile upward trend. The pullback to the OB for accumulation is a buying opportunity. Pay attention to trading opportunities around 805, in conjunction with tonight's CPI.

2) If the OB breaks down + CPI is bearish, then we need to be cautious of new lows, so make sure to set stop losses when going long.

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