$BTC 3.29 Latest Bitcoin and Ethereum Market Analysis and Trading Suggestions

On the daily chart, the price has been consecutively closing lower, gradually facing resistance near the lower band, and although it temporarily halted the decline, no clear breakout signal has appeared. Overall, the market remains in a weak consolidation phase. It is worth noting that the previous upward channel has been effectively broken, and the technical pattern has shifted to bearish, making it difficult for a meaningful reversal to form in the short term. The current consolidation is mostly a technical correction after a decline, with the bears still in control. If there is no significant positive catalyst over the weekend, further downside is possible.

From the four-hour chart, the weekend market shows a pattern of alternating bullish and bearish movements, with slight rebounds that lack strength and fail to sustain upward momentum. This consolidation is not a bottom reversal but a typical bearish buildup pattern—weak rebounds indicating insufficient buying interest and a lack of upward energy in the market. The candlestick structure shows no clear upward shift in the center of oscillation, and the moving averages remain in a bearish alignment with obvious resistance. After the weekend consolidation ends, the bears are likely to regain strength and push the price lower to test support levels again.

In terms of trading, it is not advisable to blindly turn bullish due to short-term consolidation. The overall bearish outlook remains unchanged. Over the weekend, expect mainly sideways movement. Short-term traders can consider short positions on weak rebounds, patiently waiting for the next downward move to unfold. Focus on quick in-and-out trades, avoiding chasing rebounds or going long.

Summary: The bearish trend remains intact, and rebounds are just building momentum for further declines. After the weekend consolidation, the downside space is likely to open further.