$BTC 3.18 Evening Bitcoin and Ethereum Market Analysis and Trading Recommendations
From the four-hour cycle perspective, although the price pulled back with four consecutive bearish candlesticks after the surge, this is merely a technical correction for the excessively rapid previous rally. Subsequently, the K-line pattern clearly shows that the downside momentum is exhausting. The market has entered a consolidation stage composed of alternating small bearish and small bullish candles. While the battle between bulls and bears appears fierce, the bulls' defense line is actually solid and the bears' counterattack is weak. This level of adjustment is completely normal within a bull market structure.
Shifting to the hourly timeframe, after the price briefly probed down to the lower support zone, it quickly consolidated around the 74,000 USD level. This is an extremely positive signal, indicating strong buying interest below and sufficient market absorption capacity. Short-term bearish momentum continues to weaken, while the overall uptrend channel and structure remain perfectly intact. The shrinking volume in the adjustment means the selling pressure is exhausted; the stability of the consolidation suggests a new round of upside movement is approaching.
On the current chart, all adjustments are setting up for better gains. Since the uptrend structure is intact, we should not be blinded by short-term fluctuations. It is recommended to maintain strategic conviction in operations—no need to chase higher prices. Patiently wait for pullback and stabilization before entering drop opportunities. When the consolidation is complete and a reversal signal appears, that will be the optimal timing to follow the trend and board the main upwave, targeting even higher peaks!
Bitcoin can go long around 73,600, target 75,500 Ethereum can go long around 2,310, target 2,400#Gate13周年全球庆典
$BTC 3.18 Evening Bitcoin and Ethereum Market Analysis and Trading Recommendations
From the four-hour cycle perspective, although the price pulled back with four consecutive bearish candlesticks after the surge, this is merely a technical correction for the excessively rapid previous rally. Subsequently, the K-line pattern clearly shows that the downside momentum is exhausting. The market has entered a consolidation stage composed of alternating small bearish and small bullish candles. While the battle between bulls and bears appears fierce, the bulls' defense line is actually solid and the bears' counterattack is weak. This level of adjustment is completely normal within a bull market structure.
Shifting to the hourly timeframe, after the price briefly probed down to the lower support zone, it quickly consolidated around the 74,000 USD level. This is an extremely positive signal, indicating strong buying interest below and sufficient market absorption capacity. Short-term bearish momentum continues to weaken, while the overall uptrend channel and structure remain perfectly intact. The shrinking volume in the adjustment means the selling pressure is exhausted; the stability of the consolidation suggests a new round of upside movement is approaching.
On the current chart, all adjustments are setting up for better gains. Since the uptrend structure is intact, we should not be blinded by short-term fluctuations. It is recommended to maintain strategic conviction in operations—no need to chase higher prices. Patiently wait for pullback and stabilization before entering drop opportunities. When the consolidation is complete and a reversal signal appears, that will be the optimal timing to follow the trend and board the main upwave, targeting even higher peaks!
Bitcoin can go long around 73,600, target 75,500
Ethereum can go long around 2,310, target 2,400#Gate13周年全球庆典