$BTC 3.28 Midday Bitcoin and Ethereum Market Analysis and Trading Suggestions

From the current chart, the 4-hour timeframe shows five consecutive bearish candles trending downward. This is not simply a correction but a continuous release of trend momentum. The lower band of the Bollinger Bands is opening downward, effectively opening a further decline channel for the price, and the technical pattern indicates a solid bearish structure. During this period, attempts by the bulls to rebound appear powerless, which is the best confirmation of market weakness.

The hourly consolidation is more a result of decreased weekend liquidity and slower trading pace rather than a trend reversal signal. The oscillation in low volume often represents a consolidation phase in a downtrend, building energy for the subsequent move. In this context, any attempt to chase short-term rebounds is akin to going against the trend and risking significant losses.

Trading strategy is clear and straightforward: continue to short at resistance levels during rebounds. In a weak market, the direction after consolidation is most likely downward. Instead of wasting energy on minor fluctuations, it’s better to patiently wait for a second dip after a failed rebound. Once a trend is established, it tends to have inertia, and following the trend is the safest survival approach.

Bitcoin can be shorted in the 66,400-66,800 range with a target of 65,000.
Ethereum can be shorted in the 2010-2030 range with a target of 1900.