K Beast Club Market Morning Report 2023.3.17 The probability of an upward breakthrough here is high, but after the breakthrough, pay attention to the H1 bearish OB test.

1. Macroeconomic Analysis1、#DXY  
Daily chart
The daily order flow is downward, and it rebounds upward here to obtain liquidity.
As long as the previous high is not broken here to test EQH, it is still a falling structure. If the previous high is broken and the structure is destroyed, the current target will continue to look at the test of D1 BK above.
At present, it is breaking through the previous low point. If it breaks through, it will form a bearish QM structure and continue to move downward. The target below will still be 102.6 EQL first, and then a retest of 101.5.
 
Hourly chart
The hourly order flow is upward, but it is currently in a downward structure.
Here, H1 OB was also tested upward yesterday, and then downward, but it is currently oscillating here.
Now we just need to wait for the break of 104.207 and the continuation of the downward structure.
Then wait for a break of the previous low of 103.448 to confirm the formation of a daily bearish QM structure.
It is still oscillating here at the moment, pay attention to testing H1 OB upwards again.
2、#spx 
Daily chart
The daily order flow is downward, but a volatile upward structure is currently running.
Just like what we did yesterday, if it breaks through 3927 here, the H1 level structure will be destroyed, and D1 BK will be tested.
Currently waiting for a breakthrough and stabilization here, and continue to watch the test of 4080 BSL above.
3、#ES1!  
Hourly chart
Hourly order flow upward.
Here it finally breaks through range-H and tests H1 upwards but is rejected. Here we first look at a pullback to BK to obtain liquidity and continue upwards.
If BK falls below here, we will have to look down to test H1 OB.
If it breaks through and stabilizes at 4020, the next target will be 4082.
3. Cryptocurrency Market Analysis1、#BTC  
Daily chart
Daily order flow is upward.
Continuing to oscillate around MH, range-H has been tested again here.
It depends on whether we can break through and stand firm.
The daily level breaks through and stabilizes. First look at the test of the previous high point. Hunt or fail. Pay attention to the pullback after distribution.
Break through and consolidate the previous high point and continue to move upward.
If it falls back below, we will still pay attention to 23600 and the D1 BK 22200 position below, and observe the small-level structural destruction.
H1 Chart
Here it is still oscillating in the range of 23998 -25175.
Yesterday, range-H 25175 was tested upward again.
It is currently oscillating in the premium area, and the probability of upward movement is still relatively high, but we need to pay attention to the test of FVG and H1 bearish OB on the upper side.
If the H1 bearish OB is broken and stabilized, and it continues to move upward, there is a high probability that a bull market will begin.
If it is rejected and refuses to go down, then continue to return to the range to obtain liquidity.
At the same time, please note that if it falls below range-L again, it will depend on the acquisition of liquidity below. The target is 236, 230, and 224. These are the three positions mentioned by the old man.
2、#ETH  
Daily chart
On the daily order flow, ETH also built an MTF range oscillation around 1467-1718. After hunting upwards in range-H yesterday, it was rejected when testing 1790 BSL, and the goal continued to oscillate within the range.
Here, the price still needs to break through and stabilize at 1790, with the target being HFT range-H 2000. If it falls back below, pay attention to the test of range-EQ 1590.
Hourly chart
The hourly order flow is downward, and currently there is a rebound with a volatile upward trend.
ETH still follows the trend of BTC, let’s first look at the test of H1 bearish OB.
If it is rejected here, it will continue to move in a downward structure, and it is still possible to come to H1 bullish OB to obtain liquidity again.
If the breakthrough holds, the order flow will target a test of 1790.
3、ETH/BTC
Hourly chart
Hourly order flow downward,
BTC is strong and continues to fluctuate downward, obtaining liquidity in D1 OB.
Look at the support of D1 OB, it may go downwards here.
Related PA Transaction TermsEQH = Equal High
EQL = Equal Low
FVG - Fair Value Gap
HL - Higher Low
HH - Higher High
LL - Lower Low
LH - Lower High
HTF - High Time Frame
LTF - Low Time Frame
MS - Market Structure
OB - Order Block
IDM-Induction Point
MSB, BOS, COS, CH structure destruction