2026-03-03 12:27:30

Evening Analysis

From the candlestick structure, consecutive bearish candles have broken through the bulls' defense line, with very weak rebound strength and no effective breakout. This is a head-fake "rootless rebound" in a bear market, and any rebound is an opportunity to short.
The Bollinger Bands are narrowing, indicating a choice of direction. The price is facing resistance at the upper band during the rebound and is being suppressed by the middle band, likely moving toward the lower band and initiating a new round of decline.

Overall, bears are in control. The rebound is only a temporary correction, and the trading strategy remains unchanged:
Trading Suggestions
Place short positions around 69,000-69,500 for Bitcoin, targeting 65,500-66,000
Place short positions around 2020-2060 for Ethereum, targeting 1850-1880$BTC $ETH #Gate全球注册用户突破5000万

BTC-2,43%

ETH-4,27%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.