$BTC 3.25 Evening Bitcoin and Ethereum Market Analysis and Trading Recommendations

From a technical perspective, after the coin price touched the critical resistance zone of 71500-72000, which served as the previous key battleground between bulls and bears, upward momentum showed significant exhaustion. This area, as a historically dense trading zone, has accumulated substantial locked-in positions and overhead selling pressure. In the absence of sustained buying volume, prices struggle to break through decisively, and characteristics of high-level stagnation are gradually becoming apparent.

Combining recent market movement patterns, both bullish and bearish scenarios have demonstrated extremely strong "muscle memory"—with poor continuity. This fast-paced back-and-forth saw battle essentially reflects a temporary balance of power between bulls and bears at this high-level zone. However, after experiencing substantial rebounds, price has returned near the top of the range again. At this point, the risk-reward ratio for chasing bulls is highly unfavorable.

Intraday trading will likely see adjustments below this resistance zone. The seemingly strong rebound currently appears more inclined to be a test of the resistance level before it can effectively hold above the 72000 level, potentially representing a bull trap. As the uptrend slows, the market may enter a pullback confirmation phase.

Recommendation: Maintain a bearish bias and avoid chasing rallies. Patiently wait for minor pullbacks in price. Once signals of weakening upside momentum become clear (such as long upper wicks or engulfing patterns on 15-minute or 1-hour timeframes), consider entering short positions. Key support levels to watch below are the 70000 round number and the 69500 area. Before key resistance is effectively broken through, maintain a near-term pullback bias.

Bitcoin can short near 72000 in the evening, targeting 70000
Ethereum can short near 2200 in the evening, targeting 2100#Gate正式接入Polymarket