$BTC 3.23 Midday Bitcoin and Ethereum Price Analysis and Trading Recommendations

From the current technical setup observed on the chart, the 4-hour timeframe has clearly established a bearish-dominated pattern. After consecutive bearish candles formed a downtrend channel, bearish momentum shows no signs of exhaustion. Following brief consolidation, price came under pressure again and tested lower levels, indicating that selling pressure still dominates the market. Current market sentiment is leaning toward panic, with price continuously running lower in the lower region, and key support levels repeatedly being tested with questionable effectiveness.

While the hourly chart shows minor pullbacks that restrain short-term downside somewhat, the rebound strength and sustainability are clearly insufficient, with no structural reversal signals appearing yet. Resistance patterns above are becoming clearer, with lower highs progressively forming, further reinforcing the continuation of the downtrend. Before seeing effective volume-backed rebounds or bottom structure confirmation, any bounce can be viewed as short-term correction rather than trend reversal.

Overall, the bearish trend is still deepening. Trading should continue with countertrend bounces as the core strategy. It is recommended to closely monitor real-time price action, combine key support and resistance levels, and flexibly capture short opportunities after bounces meet resistance. Under current market conditions, trading with the trend and strict risk management remain key to stable trading.

For Bitcoin midday: short around 68500, target 67000
For Ethereum midday: short around 2070, target 1980#Gate13周年全球庆典