3.30 Midday Market Analysis

On the weekly chart, Bitcoin has formed two consecutive bearish candles, both with long upper shadows, and the closing prices are gradually declining. The bullish momentum for upward attacks is clearly weakening. This week, the market is likely to continue its weak correction, potentially forming a three-week consecutive downtrend pattern.

Profit-taking at high levels has triggered a rapid market decline, further opening the space for weekly adjustments. The overall bearish trend has been established, and short-term bulls have little chance for a strong rebound.

On the 4-hour chart, the market continues to weaken, with lows constantly being refreshed downward. Key support levels have been successively broken, showing a clear one-sided downtrend. Occasionally, there are minor rebounds, but these are only technical corrections with limited strength and insufficient sustainability, making it difficult to reverse the current bearish dominance.

Trading Recommendations

If Bitcoin rebounds to around 67,800-68,300, consider gradually opening short positions, targeting around 66,000-65,000.
Ethereum rebounds to around 2,060-2,080, follow up with short positions, with targets around 1,900-1,950.