$BTC 3.23 Midday Bitcoin and Ethereum Market Analysis and Trading Suggestions

From the current chart technical formation, the 4-hour level trend has clearly established a bearish-dominated pattern. After consecutive bearish candles form a downward channel, bearish momentum shows no signs of exhaustion. Price experiences renewed downward pressure following brief consolidation, indicating that selling pressure continues to dominate the market absolutely. Current market sentiment is biased toward panic, with price continuously running downward in the low-level zones, and key support levels repeatedly undergoing tests with questionable support effectiveness.

Although the hourly level shows minor pullback, forming certain restraint on short-term downtrend, the rebound strength and sustainability are clearly insufficient, with no structural reversal signals yet emerging. Overhead resistance patterns gradually clarify, with highs progressively declining, further strengthening the continuation of the downtrend. Before seeing effective volume-supported rebound or bottom structure confirmation, any rebound can be viewed as short-term correction rather than trend reversal.

Comprehensively speaking, the bearish trend is still in deepening stage. Operationally, should continue taking selling on rebounds as core strategy. Recommend closely monitoring real-time chart changes, combining key support and resistance levels, and flexibly capturing high-shorting opportunities after rebounds fail. Under current market conditions, following the trend and strict risk control remain the keys to sound trading.

Midday Bitcoin can short around 68500, target 67000
Midday Ethereum can short around 2070, target 1980#Gate13周年全球庆典