3-12 Midday Market Analysis



The hourly chart is in a high-level sideways consolidation after a rally, with short-term upward momentum clearly lacking. The need for a correction and repair continues to grow. Currently, the market has formed a rapid decline pattern with consecutive bearish candles, and the hourly MACD bullish momentum is continuously weakening. The short-term pullback trend persists. Trading should focus on shorting on rebounds, with strict control of position size and stop-loss.

Trading Recommendations

Short in the 70,000-70,500 range for Bitcoin, targeting around 68,000-68,500

Short in the 2,050-2,080 range for Ethereum, targeting around 1,900-1,950
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