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Tuesday morning, March 10th, BTC/ETH sharing
Three attempts to break through the resistance level have all failed to produce an effective breakout. Each rally was quickly reversed after a brief surge, leaving a clear long upper shadow on the daily chart. This pattern typically indicates that supply pressure above is very concentrated, and the bullish momentum to push higher is gradually weakening. The so-called "pin bar" market is essentially a failed breakout attempt—price briefly pierces a key level but is quickly suppressed back down, indicating that a large amount of active sell orders have accumulated in that area. The bullish funds can no longer sustain a continuous upward move and are instead suppressed by the bears, dominating the short-term trend.
From a structural and trend perspective, the market's rhythm has clearly shifted to high-level consolidation with a slight weakness. The signals of a major top are becoming more evident, and the previous high of 74,000 can be considered a phased top zone. Currently, the price is within a consolidation range after peaking and pulling back, with the overall trend leaning toward a correction.
Trading suggestions:
Bitcoin rebound in the 68,800-69,300 range to go short, target 66,500
Ethereum rebound in the 2015-2035 range to go short, target 1875