March 31 Bitcoin and Ethereum Afternoon Bearish Outlook

1. Technical signals: After a short-term rebound, BTC and ETH are experiencing declining volume. The hourly RSI is near the mid-50s resistance level, and the MACD red histogram is shrinking, indicating insufficient bullish momentum and a strong technical pullback demand.

2. Key resistance levels: The 68,000-68,500 USD zone for BTC is a previous dense trading area, and the 2,070-2,100 USD zone for ETH has a large number of trapped positions. Rebounds to these levels will likely see concentrated selling pressure, making it difficult to break through effectively.

3. Capital and sentiment: Mainstream ETF fund inflows are slowing down, and short-term profit-taking is increasing. Market sentiment has shifted from "bottom-fishing" to "waiting and watching," lacking sustained upward capital support.

4. Correlation risk: Afternoon volatility in the US stock market has intensified, and risk appetite in the crypto market is declining in tandem. BTC and ETH are more susceptible to external sentiment, further increasing the probability of downside movement.

5. Structural forecast: The current rebound is a oversold correction, not a trend reversal. Prices are likely to face resistance and fall back, returning to a short-term downward channel.

II. Trading Recommendations

BTC

• Entry: Gradually short in the 68,000-68,500 USD range

• Targets: 66,800 → 66,200 USD

ETH

• Entry: Gradually short in the 2,070-2,100 USD range

• Targets: 2,020 → 1,990 USD

Reminder: Short-term trading only, avoid fighting the trend, strictly control position size. #Gate金手指 $BTC $ETH