Pal Daily Market Morning Report - #BTC 3.12

Daily 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 fall to, and I don't want to panic.

2) My expected target is to first look at the OB position. I have consistently mentioned that long-term players between 78K-68K can buy slowly, and dollar-cost averaging players can also start investing.

3) Currently, after the plunder here, it is rebounding upward. At least the upper FVG at position 84 needs to be filled. I will continue to watch for a bearish OB test.

4) Tonight, the key is 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 fall, but the probability of this is low.

H1 Chart

1) The current market is moving in a fluctuating upward trend. Here, the pullback to the OB is a buying opportunity. Pay attention to trading opportunities at 805, in conjunction with tonight's CPI.

2) If the OB breaks down + CPI is bearish, then be cautious of new lows, so it is essential to set a stop loss when going long.