#BTC 3.31 Tuesday Afternoon Bitcoin and Ethereum Latest Analysis and Ideas

Market fluctuations are normal; stay calm to seize opportunities. Reviewing the morning’s sharp rise of Bitcoin to a high point followed by a quick pullback, currently oscillating around 67,500. Ethereum is following Bitcoin’s lead, fluctuating around 2,050. Continue holding the short positions set earlier!

Based on the current market, after a high-level convergence on the four-hour chart, a breakdown and downward move occurred. The rebound is a correction within a downtrend, with prices operating below EMA50/100, moving averages diverging downward, indicating a bearish arrangement. The rebound lacks volume, while the decline is accompanied by increased volume. Bullish momentum is exhausted, forming a descending channel. The upper resistance is at 68,500. MACD shows a death cross below the zero line, with green bars expanding, indicating strengthening bearish momentum. RSI(14) remains in the 45–50 range, facing resistance without entering oversold territory, leaving room for further decline. On the hourly chart, price increases with decreasing volume and price decreases with increasing volume, typical bearish signs. RSI repeatedly falls back from the midline at 50, and MACD frequently shows death crosses. Afternoon strategy remains to go short at high levels.

Tuesday Afternoon, 3.31
Btc: Short around 67,800, target 66,500
Eth: Short around 2,080, target 2,000