$BTC 3.24 Night Bitcoin and Ethereum Market Analysis and Trading Recommendations

From the four-hour level, although recent consecutive positive candles demonstrate certain rebound momentum, the price has repeatedly touched the upper band of the Bollinger Bands without forming an effective breakout. The upper band resistance remains effective. The Bollinger Bands show no sign of expansion, indicating that the market is still confined within a range-bound structure, with rebounds being more technical corrections rather than trend reversals.

The daily level is clearer. Current price action remains within a distinct downtrend channel. The upper band of the Bollinger Bands, as a key resistance level, has been verified multiple times with significant selling pressure in this area. As upside space is repeatedly suppressed, rebound strength is gradually weakening. The bulls lack obvious momentum and struggle to organize sustained attacks.

Comprehensively, without unexpected positive catalysts, the current volume and structure do not support a substantial trend reversal. The subsequent market will likely continue with range consolidation, downward exploration, or weakening adjustments. Operationally, maintain a bearish bias and focus on monitoring how the upper band resists price action. Wait for right-side confirmation opportunities after rebounds lose momentum. Avoid premature bottom fishing or betting on reversals.

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