3.26 Midday Market Analysis

BTC Market Analysis

Bitcoin broke above the previous high of 71777 and refreshed the stage high, but failed to firmly consolidate at this level. Three consecutive failed attempts to surge higher formed a three-pin top pattern, after which the market entered pullback mode and dropped below the key support of 71490. During the pullback, price attempted to recover the 71490 resistance level twice but failed both times, indicating insufficient upward momentum.

Currently, the lower rail of the hourly ascending triangle serves as the core neckline support. To continue this uptrend structure, price must hold within the triangle zone. A breakout below would directly trigger the loss of the 70057 support level. Additionally, an M-head pattern has begun to form within the triangle with its neckline at 68825. A triangle breakout would confirm the M-head structure, likely driving price toward 68825. If this level further breaks, an hourly-level reversal pattern forms, with price facing direct pressure from the previous low of 67307.

For bulls to restart the uptrend, they must achieve an effective breakout and consolidation above the 71490 resistance level; otherwise, upside space is completely sealed.

Trading Strategy

• Volume breakout above 71325, pursue long on the right side, set strict stop loss;

• Volume break below 70707 without recovery on retrace, pursue short on the right side, control risk strictly.

Target Zones

• Hourly level: Consolidate above 71325, upside targets 71989-72940;
• 4-hour level: Break below 70742, downside targets 69347-68025.

Key Levels

Upper resistance: 71325-71989-72940
Lower support: 70769-69319-68285

ETH Market Analysis

Ethereum's previous wedge structure has already broken down. Current focus is on the validity of the 2105 support level: if this level holds firm, the market will consolidate between 2105-2197; if it breaks effectively below 2105, a rapid decline could occur with the downside target pointing directly to the previous low of 2022.

Trading Strategy

• Volume breakout above 2168, pursue long on the right side, stop loss on breakout;

• Volume break below 2146, pursue short on the right side, strict risk control;

• Retest and confirm 2106 support level effective, can set up long positions, stop loss below 2060;

• Rebound to 2200 can set up short positions, stop loss above 2243;

• Left-side pending order strategy: pending long at 2024, stop loss below 1971.

Target Zones

• Hourly level: Consolidate above 2168, upside targets 2200-2231;
• 4-hour level: Break below 2143, downside targets 2104-2051.

Key Levels

Upper resistance: 2168-2200-2231
Lower support: 2129-2085-2047
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