# 3.20 Afternoon Bitcoin and Ethereum Market Analysis and Trading Recommendations

**Daily Level Analysis**

From a daily perspective, Big Bitcoin experienced a pullback after testing resistance yesterday, with momentum showing some weakness. However, the price did not break further downward but stabilized above the middle band of the Bollinger Bands, demonstrating strong support. Currently, short selling momentum has significantly weakened, with downward pressure gradually exhausted. The daily structure remains in a strong trend zone, with the Bollinger Bands middle band serving as the key support/resistance level, now forming effective support. Price stability above this level indicates the medium-term trend remains controlled by bulls, with short-term corrections being more technical consolidation rather than trend reversal.

**4-Hour Level Analysis**

After experiencing a deep pullback, the decline momentum has noticeably slowed. Consecutive lower wicks on the candlesticks indicate buying pressure from below is actively stepping in. The structure of higher lows continues to extend, with price center of gravity steadily rising and gradually breaking free from previous resistance zones. The moving average system is beginning to flatten and converge. Short-term moving averages are expected to form a golden cross providing technical support for rebounds. Meanwhile, the MACD indicator is forming a golden cross below the zero line, with green bars about to turn red, indicating bulls are accumulating strength and rally momentum is building.

**Overall Outlook**

The market has released stabilization signals. Bear forces are exhausted, and bulls are beginning to take control. Trading strategy for the afternoon should follow the trend, focusing on long positions at dips, capturing the current rebound window, and monitoring whether prices can break through key resistance to open upside space.

**Afternoon Recommendations**

- **Bitcoin (Big Pie)**: Go long around 70000, target 72000
- **Ethereum**: Go long around 2110, target 2200