3.3 Tuesday Morning Market Analysis



In the early hours, Bitcoin and Ethereum surged to 70100/2089 but faced resistance, then quickly pulled back to around 68800/2030 for consolidation. As long as the upper support level is not broken during the day, the rebound remains an opportunity for shorting!

The market tested the 70000 level twice but did not break through, then entered a sideways consolidation phase with fragmented K-lines. The rebound significantly slowed down, indicating no trend reversal signal; on the hourly chart, the Bollinger Bands are continuously diverging downward, showing that the bears are gathering strength and preparing for a potential breakdown.

Trading Suggestions

- Bitcoin: Short around 69500-70500, target 68000
- Ethereum: Short around 2100, target 1980
BTC3,33%
ETH3,21%
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GateUser-d95cf383vip
· 1h ago
Thank you, teacher, for posting updates promptly.
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