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$BTC 3.24 Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions
From the four-hour level perspective, after yesterday's rally and pullback, the bullish momentum has clearly been exhausted. The market has not formed a sustainable continuation pattern. Instead, it has gradually shifted into narrow-range oscillations with fragmented ups and downs. This structure itself indicates that the short-term rebound has lost its driving force, and the upside space has been fully consumed. The current market is more inclined to complete a correction under pressure.
Oscillation is not bottom-building, but rather a process of momentum transformation. As the highs gradually decline, the focus of the long-short battle is also tilting toward lower levels. The risk of blindly chasing rallies is accumulating rapidly. For afternoon operations, maintain the primary strategy of shorting at highs unchanged. Focus on the key resistance zone of 71,500-72,000 USD for short-term prices. If the price rallies to this resistance zone and faces pressure confirmation, it can be viewed as an appropriate timing for initiating a new round of short positions.
Do not be deceived by the appearance of narrow-range oscillations. Without sustained buying pressure following, so-called "stabilization" is often just a pullback continuation. Patiently waiting for short opportunities after rebounds reach resistance levels offers greater safety margins compared to trying to catch rebounds at lower levels.#BTC突破71000美元