✌🏻️3.26 Midday Market Outlook✌🏻️

$BTC Viewpoint
Bitcoin broke through the previous high of 71777, creating a new high for this round, but failed to hold this level. After forming a trident pattern with an upward spike, it initiated a pullback and broke below the key support of 71490 (area circled in white box). During the pullback, two rebound attempts to return above the 71490 resistance both failed (indicated by white arrows).
Currently, the lower boundary of the triangle is Bitcoin's neckline. The uptrend needs to maintain movement within the triangle. Once it breaks below, it will follow through to break the 70057 support; meanwhile, an M-head neckline of 68825 forms inside the triangle. If the triangle breaks, the M-head pattern activates, and after the 70057 breakdown, it will retest 68825. Once the hourly M-head is established, the previous low of 67307 will be tested.
Core condition for upside: Must break through and hold steady above 71490 resistance, otherwise there is no upside room.
Trading Strategy
• Right-side long entry: Break through 71325 with volume to go long
• Right-side short entry: Break below 70707 with volume; if failed retracement doesn't reclaim it, go short
• Stop-loss requirement: Strictly set stop losses
Key Price Levels
• Upper resistance: 71325, 71989, 72940
• Lower support: 70769, 69319, 68285
Timeframe Reference
• Hourly level: Hold above 71325 to target 71989-72940, otherwise invalid
• 4-hour level: Break below 70742 to target 69347-68025
$ETH Approach
Trading Strategy
• Right-side long entry: Break through 2168 with volume to go long (stop loss: retracement of breakout point)
• Right-side short entry: Break below 2146 with volume to go short (strictly set stop loss)
• Dip buying long: Retest 2106 to confirm support is effective for going long (stop loss: break below 2060)
• High-level short: Touch 2200 above for short entry (stop loss: break through 2243)
• Left-side pending orders: Place long orders at 2024 (stop loss: break below 1971)
Key Price Levels
• Upper resistance: 2168, 2200, 2231
• Lower support: 2129, 2085, 2047
Timeframe Reference
• Hourly level: Hold above 2168 to target 2200-2231
• 4-hour level: Break below 2143 to target 2104-2051
Pattern Analysis
Ethereum's wedge pattern has been broken. In the short term, focus on the validity of 2105 support:
• Hold 2105: Maintain consolidation between 2105-2197
• Break below 2105: Market will show a "drawing a door" pattern movement