3-5 Afternoon Market Analysis: Short-term bearish dominance, mainly high-level selling with no desire to fight

The hourly chart shows continuous bearish candles and a pullback, indicating that the bearish momentum has not been fully released. The short-term market remains under pressure and is consolidating, with rebounds likely to weaken.

On the macro level, hawkish Federal Reserve policy expectations continue to rise, and the US dollar index is strengthening, exerting obvious pressure on the valuation of cryptocurrencies and other risk assets. Market sentiment has quickly shifted from optimism to caution. Short-term profit-taking is concentrated, further amplifying short-term volatility, making the market prone to declines rather than rises.

Trading Strategy

For Bitcoin, continue shorting around 72800–73200 during rebounds, with targets at 71000–70000. Follow the rebound resistance and adjust accordingly.

For Ethereum, short around 2150–2180 during rebounds, with targets at 2050–2000, operating in sync with Bitcoin’s trend.