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Wednesday, March 6th, Zhongling, BTC/ETH Afternoon Signal
From the current market situation, the daily chart continues to form a large bearish candle, with a relatively full body, indicating the continuation of the bearish trend while also further opening the lower band. Overall, the trend is quite clear in a bearish pattern. In the short term, the 4-hour chart price remains under pressure from the lower band, showing a small unilateral downward movement, and has already broken the previous low of 66,145, with the low being refreshed again, while the rebound highs are continuously moving lower. This is a typical strong bearish trend. For future trading, it is advisable to follow the trend, first observe the strength of the rebound during the day. If the rebound is weak, it is better to follow the trend and go short directly.
Trading suggestions:
Bitcoin between 67,600-68,100 for range trading, target 65,300 during the day!
Ethereum between 1,890-1,910 for range trading, target 1,770 during the day.
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