$BTC 3.24 Evening Bitcoin and Ethereum Market Analysis and Trading Recommendations

From the four-hour timeframe, after yesterday’s surge followed by a pullback, the bullish momentum has clearly weakened, and the market has not formed effective continuity. Instead, it has gradually shifted into narrow-range oscillation with fragmented red and green candles. This structure itself indicates that the short-term rebound has lost its driving force, the upward potential has been fully exhausted, and the current market is more inclined to complete a correction under pressure.

Oscillation is not a sign of bottoming out, but a process of momentum transfer. As the highs gradually decline, the focus of the bulls and bears’ struggle is shifting toward lower levels, and the risk of blindly chasing rallies is rapidly increasing. For afternoon trading, maintain the strategy of mainly shorting at highs. Pay attention to the key resistance zone at 71,500–72,000 USD. If the price rebounds to this area and confirms resistance, it can be considered an appropriate opportunity to establish new short positions.

Do not be fooled by the appearance of narrow-range oscillation. Without sustained buying support, the so-called “stabilization” is often just a continuation of the decline. Patience is needed to wait for shorting opportunities after rebounds reach resistance levels, which offers a better risk-reward profile than trying to catch rebounds at low levels.