$BTC 3.20 Midday Bitcoin Ethereum Market Analysis and Trading Suggestions

The short-cycle trend further validates the resilience of the decline. After the four-hour chart experienced a spike and pullback, the price ruthlessly broke through the lower band without any effective rebound resistance, instead continuing to oscillate in extremely narrow ranges at low levels. This is not bottoming, this is a "gear shift" in the downtrend continuation. The moving average system has formed a perfect bearish divergence arrangement, with MACD and other indicators refusing to form a golden cross below the zero line, continuously increasing volume downward. Under such technical patterns, any attempt at bottom fishing is tantamount to moths flying into a flame.

The hourly chart takes "weak rebounds" to the extreme. The Bollinger Band channel is opening downward overall, with prices constantly suppressed below the middle line. This means every brief micro-rise encounter immediate strong selling pressure, with even touching the middle line becoming an unrealistic hope. Such extremely weak consolidation often accumulates momentum for the next wave of decline—the longer the consolidation, the deeper the fall.

Operationally, we must maintain strategic patience and adhere to the core strategy of shorting rebounds at highs. The current market bearish trend is clear, and following the trend is the only law of survival. Do not be deceived by minor false signals during the decline, and do not attempt to guess where the bottom is. Before the bearish structure shows clear reversal signals (such as large-volume positive candles breaking through key resistance levels), everything that "looks very low" is a trap.

BTC can short in the 70600-71000 range, targeting 69000
ETH can short in the 2170-2190 range, targeting 2060#Gate13周年全球庆典