3.31 Afternoon BTC and ETH Forecast and Analysis

The afternoon market immediately delivered a heavy blow! BTC dropped sharply from the morning high of 68,377, breaking below 66,800, currently quoted at 66,857, with a maximum intraday pullback of over 1,500 points; ETH also declined in tandem, plunging from a high of 2,091.88 to below 2,035, currently at 2,041.44, with a maximum drop of over 50 points. Both coins have fully entered a correction channel.

1. Core Market Breakdown
BTC
- Key Levels:
Strong Resistance Above: 68,000-68,300 (morning high, dense area of trapped orders)
Support Below: 66,500 (intraday key defense level, a break below will test the previous low of 66,200)
Dividing Line Between Bull and Bear: 67,000 (stability here offers a rebound chance; a break below indicates continued decline)

ETH
- Key Levels:
Strong Resistance Above: 2,060-2,070 (first resistance during rebound, difficult to break through in one attempt)
Support Below: 2,030 (intraday defense level, a break will test the previous low of 2,012)
Dividing Line Between Bull and Bear: 2,050 (clear resistance during rebound; a break below accelerates downward)
- Trend Logic: While following BTC’s decline, ETH’s selling pressure is heavier, with weaker elasticity than BTC. Rebound strength is limited. Trading strategy should focus on shorting high, avoiding catching falling knives.

2. Afternoon Trading Strategies
Bullish Approach (suitable for light positions)
- BTC: Wait for a pullback to 66,500-66,600, try a small long position, stop-loss at 66,200, target 67,200-67,500. Don’t be greedy during rebounds; exit at the right time.
- ETH: Wait for a pullback to 2,030-2,035, try a small long position, stop-loss at 2,015, target 2,055-2,060. Exit immediately if resistance is encountered during rebound.

Bearish Approach (main trend)
- BTC: Short in stages during a rebound at 67,200-67,500, stop-loss at 68,000, target 66,500-66,200, and hold if broken below, aiming for 65,800.
- ETH: Short in stages during a rebound at 2,055-2,060, stop-loss at 2,070, target 2,030-2,015, and hold if broken below, targeting the 2,000 level.

3. Risk Reminder
1. The US-Iran situation may still fluctuate, and unexpected news can directly impact the market. Strictly set stop-loss orders; do not hold through losses.
2. Currently in a trend-based correction; avoid blindly bottom-fishing. It’s better to miss opportunities than to make mistakes. Capital preservation is priority.
3. In the afternoon, focus on the support strength at 66,500 (BTC) and 2,030 (ETH). A break below will accelerate the decline. Follow the trend.

For precise entry/exit timing and to avoid correction risks, stay tuned to Captain’s real-time analysis for the most direct trading instructions.