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March 31st, Tuesday morning BTC and ETH analysis
From the 5-minute chart perspective, after spiking yesterday night, Bitcoin continued to decline in the early morning. The previous "initial rise followed by a fall" prediction has been validated. A clear short-term strong resistance zone has formed above 68,000. Meanwhile, the candlestick bodies are gradually narrowing, with frequent upper shadows. Each rebound is met with resistance and a retreat, further confirming that the bulls are under continuous pressure at key levels. The larger-scale bearish trend remains unchanged, and rebounds are still opportunities to short.
Trading suggestions:
Bitcoin (BTC) in the 67,000-67,600 range, short with a target of 64,700
Ethereum (ETH) in the 2,040-2,060 range, short with a target of 1,920