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Wednesday morning, March 4th BTC/ETH Market Analysis
The current market trend is clear: overall still leaning weak, with insufficient rebound strength, and the short-term pattern has not changed. To achieve a true stabilization and rebound, we must first break free from the current weak consolidation zone. After consecutive spike movements on the 4-hour chart, prices entered a narrow range of oscillation, using time to create space for recovery, which is a typical correction structure. Even with a slight rebound in the morning, resistance above remains dense. Once reaching key areas, it is likely to face downward pressure and weaken again. Therefore, the strategy continues to focus on shorting after rebounds, following the trend.
Trading Suggestions:
Bitcoin (BTC) between 68,700-69,200 for shorting, target 66,400
Ethereum (ETH) between 2010-2030 for shorting, target 1870