$BTC 3.18 Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions



From the four-hour timeframe, although the price pulled back with four consecutive bearish candles after reaching higher levels, this is merely a technical correction for the previous rapid gains. The subsequent K-line patterns clearly show that downward momentum is exhausting, and the market has entered a consolidation phase characterized by mixed small bearish and bullish candles. While the multi-sided competition appears intense, the bullish defense line is actually solid, and bears lack strength for a meaningful counterattack. This level of adjustment is completely normal within a bull market structure.

Shifting to the hourly timeframe, after briefly probing the lower support zone, the price quickly consolidated around the $74,000 level. This is a very positive signal, indicating strong buying intent 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 correction means buying pressure is exhausted; stable consolidation suggests a new wave of rallies is approaching.

In the current market, all adjustments are for better upside moves. Since the uptrend structure is intact, we should not be blinded by short-term fluctuations. I recommend maintaining strategic conviction in operations—no need to chase highs, but patiently wait for pullback opportunities after price stabilizes. When the market completes its accumulation and stop-loss signals appear, that's the best time to catch the trend with momentum, continuing to follow this main upwave and targeting even higher peaks!

Bitcoin can go long around 73,600, targeting 75,500
Ethereum can go long around 2,310, targeting 2,400#Gate13周年全球庆典
BTC-4,56%
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Trang này có thể chứa nội dung của bên thứ ba, được cung cấp chỉ nhằm mục đích thông tin (không phải là tuyên bố/bảo đảm) và không được coi là sự chứng thực cho quan điểm của Gate hoặc là lời khuyên về tài chính hoặc chuyên môn. Xem Tuyên bố từ chối trách nhiệm để biết chi tiết.
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