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3.16 Auntai
Recent trend has been highly systematic: each rally is accompanied by sharp pullbacks, with obvious overhead resistance characteristics. Early today, it rebounded and broke above 2200 again, followed by a quick decline. The bullish momentum is insufficient and lacks sustainability.
From a short-term perspective, although bulls have minor rebound momentum, conditions for sustained uptrend are absent, displaying a typical consolidation-leaning-bearish pattern. The 4-hour chart has dense resistance overhead, with price unable to break through on multiple upside attempts. Rallies without volume and pressure-driven pullbacks have become the norm.
Before a strong volume breakout emerges, avoid chasing longs; focus on shorting highs.
Daily Trading Reference
2190-2230 short
Target 2130-2100; if broken, continue watching 2050 area$BTC $ETH #加密市场上涨