3.15 Bitcoin and Ethereum Intraday Analysis

From a daily chart perspective, the bulls over these past few days have been displaying a typical "shuffling climb," inching upward bit by bit. After the price broke through the Bollinger Band midline, it has been hovering between the mid and upper bands. The rhythm looks stable, but in reality, the explosive power of the upward attack is not strong. Although Friday's long wick briefly pierced the resistance above and looked impressive, it was more of a probe without truly opening up the space above.

The suppression around the previous 74,000 level remains very obvious—this is a key dividing line. As long as this position fails to break through, structurally it will easily form a double top pattern. Once the double top is confirmed, the market will likely experience a new round of accelerated decline, and the pullback magnitude will be significant.

So don't be fooled by this modest rebound in front of you. The overall direction remains bearish. This morning's rally is essentially just technical correction—a normal rebound after the decline, without altering the overall downward momentum.

Personal Recommendations:
Bitcoin: Enter short at 71,500-72,200, target 70,000, break below target 68,000, long-term target 60,000!
Ethereum: Enter short at 2,100-2,130, target 2,060, break below target 1,950, long-term target 1,800!
$BTC $GT #Gate2月衍生品市场份额创新高 #AAVE换币风波