#BTC March 31, Tuesday early morning Bitcoin and Ethereum latest ideas and analysis

If you're experiencing a downturn, remember that all major fluctuations will eventually become just a few ups and downs in the story. And you remain the one with the courage to enter and the wisdom to exit. Looking back at the evening market, the bullish trend continued from the daytime, rising near 67,300 to around 68,100 before quickly pulling back to about 67,000. Currently, it has rebounded to around 67,800 and is consolidating. The overall market is oscillating within a range. Ethereum is following Bitcoin closely, now in a range of 2,075-2,060. The bulls are gradually reaching a peak, with resistance above. Entering a high position in the early morning is advisable.

Based on the current chart, the four-hour timeframe is in a high-level oscillating downward channel, with highs gradually decreasing and lows breaking through consecutively. Medium-term bears are dominant, with prices under pressure from the four-hour MA10/MA30 death cross. The moving averages are diverging downward, and the rebound is weak, unable to hold above the moving averages. Bullish momentum continues to weaken. Rebounds are shrinking in volume, and declines are increasing in volume, showing clear signs of funds leaving the market. On the hourly chart, a standard descending channel has formed, with each rebound high lower than the previous high, and lows continuously refreshing new lows. In the short term, it is in a small-scale bearish trend, with rebounds being corrections and no reversal signals. Tonight, the strategy remains to go short at high levels.

March 31, Tuesday early morning
BTC: Short around 68,000, target 66,500
ETH: Short around 2,090, target 1,980