3-20 Morning Market Analysis

After the recent downtrend, the rebound momentum is clearly insufficient, with bulls lacking strength to counterattack. Today we continue to expect the bearish trend to persist.

From the 4-hour chart perspective, after BTC surged to refresh the phase high, it has experienced consecutive large-volume bearish candles pulling back, directly testing the lower support band. The gains from the past week have been essentially completely retraced, with a clear downtrend pattern.

The MACD bearish energy histogram continues to expand in volume. Although bulls have repeatedly attempted resistance using lower wicks, they still struggle to reverse the overall downward momentum. Short-term rebound strength remains weak, with the overall pattern still biased toward bears.

**Trading Suggestions**

- BTC: Sell in batches in the 70600-71000 range, targeting 69000-68000 area
- ETH: Sell in batches in the 2160-2180 range, targeting 2050-2100 area