Par Daily Market Morning Report - #BTC 3.15

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Daily Chart

1) BTC is currently in a bottom consolidation phase, but the exact bottom position cannot be determined. Long-term investors can gradually buy between 7W8-6W8, and dollar-cost averaging players can also start their investments.

2) The daily market trend is still a downward trend. Watch for a test of the bearish OB to short.

3) Yesterday it tested 841 again; it still only can continue upward if it holds above 841. First, look for a raid on 87, then observe the test of OB 90.

4) Remember, the current phase is a downward trend; going long is merely betting on a rebound, so always set a stop loss when going long.

H1 Chart

1) Since it has broken through, view it as an upward trend. Here, a pullback to OB is a buying opportunity; if it breaks down, set a stop loss.

2) The next target is 87 BSL raid.