$BTC 3.24 Night Bitcoin Ethereum Market Analysis and Trading Suggestions

From the four-hour level, although recent consecutive positive closes show some rebound intention, the price has repeatedly touched the upper band of the Bollinger Bands but failed to form an effective breakthrough. The upper band pressure remains effective. The Bollinger Bands show no signs of expansion, indicating the market remains confined within a range-bound shock structure, with rebounds being more technical corrections rather than trend reversals.

The daily level is clearer. The current market is still running within a clear downtrend channel, with the Bollinger Bands upper band serving as a key resistance level that has been verified multiple times with heavy selling pressure in that area. As the upside space is repeatedly suppressed, rebound strength is gradually weakening, and bullish momentum is clearly insufficient to organize an effective sustained offensive.

Comprehensively speaking, without unexpected positive catalysts, current volume and structure do not support the market achieving substantial reversal. The subsequent market will likely continue the rhythm of range-bound downward exploration or weakness adjustment. Operationally, maintain a high-altitude short bias, focus on observing the suppression performance of the upper band on price, wait for the right-side confirmation opportunity after rebound exhaustion, and avoid lightly catching bottoms or betting on reversals.

Bitcoin can short in the 70500-70800 range, target 69000
Ethereum can short in the 2150-2170 range, target 2050#Gate13周年全球庆典