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3.15 BTC and ETH Intraday Outlook
From a daily chart perspective, the bulls have been in a typical "shuffle step crawl" these past few days, grinding higher bit by bit. After breaking above the Bollinger Band midline, prices have been oscillating between the middle and upper bands. The rhythm looks steady, but the actual explosive power of the uptrend is weak. Friday's long wick briefly penetrated the overhead resistance, appearing forceful, but was ultimately just a probe—it didn't truly open up the space above.
The pressure from the previous 74000 zone remains extremely pronounced; this is a critical inflection point. As long as this level fails to break through, the structure could easily form a double top pattern. Once a double top is confirmed, the market will likely face a new round of accelerated decline, and the pullback at that point will be substantial.
Don't get fooled by this small rebound in front of you. The overall bias remains bearish. This morning's rally is essentially just technical correction—a normal rebound after excessive selling, without changing the overall downtrend momentum.
Personal Recommendations
BTC: Enter shorts at 71500-72200, target down at 70k, break below target 68000, long-term target 60k!
ETH: Enter shorts at 2100-2130, target down at 2060, break below target 1950, long-term target 1800!
$BTC $GT