Bitcoin and Ethereum Latest Market Trend Analysis and Trading Suggestions: March 24th. The current price is consolidating around 71000. The short position opened at 71500 this morning has already created some upward potential, with a low of 70000 at midday. The rebound is currently weak, indicating the short-term rebound has ended. Technical Analysis: The four-hour chart shows a pullback after an initial surge, and the hourly Bollinger Bands have narrowed and broken below the middle band. Indicators are also trending downwards, indicating short-term weakness. Trading Strategy: Continue to short on rallies. Key resistance levels are 71500-72000; a break below these levels warrants a short position. Aggressive traders can consider shorting in batches around 71000 with a stop-loss above 72000. Downside targets are 69000-68000. For Ethereum, short around 2170-2190, with a target of 2120-2080. Maintain patience and focus on shorting on rallies, targeting the downside. Wishing you continued profits on your short positions!
Bitcoin and Ethereum Latest Trend Analysis and Post-Trading Suggestions: 3/24
2026-03-24 07:37:26
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