$BTC 3.24 Evening Bitcoin and Ethereum Market Analysis and Trading Recommendations
From the 4-hour level perspective, after yesterday's spike and pullback, the bullish momentum has clearly exhausted. The market has not formed effective continuation; instead, it has gradually transitioned into narrow-range oscillation with fragmented down and up candles. This structure itself indicates that the short-term rebound has lost its driving factors, upside space has been fully consumed, and the current market is more inclined to complete corrections under pressure.
Oscillation is not bottom-forming, but rather a process of momentum conversion. As the highs gradually decline, the focus of long-short competition is tilting toward lower levels, and the risk of blindly chasing rallies is accumulating rapidly. For afternoon operations, maintain the primary short bias without change. Focus on the key resistance zone at 71,500-72,000 USD. If price rebounds to this area and faces rejection, it can be viewed as an appropriate opportunity to establish a new round of short positions.
Don't be deceived by the appearance of narrow-range oscillation. Without sustained buying follow-through, so-called "stabilization" is often just a continuation of the downtrend. Waiting patiently for short opportunities after rebounds to resistance levels provides a better safety margin than snatching rallies at low levels.#BTC突破71000美元
$BTC 3.24 Evening Bitcoin and Ethereum Market Analysis and Trading Recommendations
From the 4-hour level perspective, after yesterday's spike and pullback, the bullish momentum has clearly exhausted. The market has not formed effective continuation; instead, it has gradually transitioned into narrow-range oscillation with fragmented down and up candles. This structure itself indicates that the short-term rebound has lost its driving factors, upside space has been fully consumed, and the current market is more inclined to complete corrections under pressure.
Oscillation is not bottom-forming, but rather a process of momentum conversion. As the highs gradually decline, the focus of long-short competition is tilting toward lower levels, and the risk of blindly chasing rallies is accumulating rapidly. For afternoon operations, maintain the primary short bias without change. Focus on the key resistance zone at 71,500-72,000 USD. If price rebounds to this area and faces rejection, it can be viewed as an appropriate opportunity to establish a new round of short positions.
Don't be deceived by the appearance of narrow-range oscillation. Without sustained buying follow-through, so-called "stabilization" is often just a continuation of the downtrend. Waiting patiently for short opportunities after rebounds to resistance levels provides a better safety margin than snatching rallies at low levels.#BTC突破71000美元