$BTC 3.31 Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions

From a technical perspective, the daily chart has closed with consecutive down days, and the price has effectively broken below the recent consolidation range, with 67000 shifting from a key support to a strong resistance level. On the four-hour chart, the moving average system shows a standard bearish alignment, with MA5 and MA10 continuing to diverge downward, exerting technical resistance on any rebounds. The MACD fast and slow lines are below the zero line and show no signs of convergence, with the bearish momentum histogram maintaining an increasing trend, indicating that the downward momentum has not yet been fully released.

The current market features are very clear—weak rebounds and persistent selling pressure. Every attempt to rally above 66500 is met with heavy sell orders, and market participation is very low, with sentiment clearly turning bearish. Short-term support below is around the 66000 level; if this level is broken again, it is likely to trigger a new wave of technical selling, pushing prices further down to 65500 or even 65000. Resistance above is concentrated in the 66500-67000 range. Until the price can effectively reclaim 67000, any rebounds are unlikely to change the downward trend.

In terms of trading strategy, following the trend remains the most prudent approach. Selling on rebounds continues to be the main idea, and it is not recommended to blindly buy the dip due to short-term oversold conditions. Once a trend is established, it is unlikely to reverse easily. As long as the bearish structure is not fundamentally broken, maintaining a bearish outlook is the safer choice.