3.15 Sunday Evening Market Analysis by Mufeng

**Daily Level Analysis**

From a daily perspective, the weekend bulls are showing a typical choppy slow-climb pattern, with price gradually moving upward to test resistance. After breaking through the Bollinger middle band, the market continues to operate within the middle-upper band zone. The pace seems steady, but the upward momentum is clearly lacking. Friday's rally left a long upper shadow, and although it briefly pierced the upper resistance level, this was more of a probing move rather than a decisive breakout, and did not effectively open up upside space.

The previous 74,000 level remains a very strong resistance, serving as a key dividing line between bulls and bears. If this level cannot be effectively broken, the structure is very likely to form a double top pattern. Once the double top is confirmed, the market will probably enter a new phase of accelerated decline, with the depth of the pullback not to be underestimated.

Do not be fooled by short-term rebounds; the overall trend remains bearish. The recent rally this morning is essentially just a technical correction, a normal rebound after a sharp decline, and has not altered the overall downward structure.

**Mufeng's Recommendations**

**Bitcoin:** Short near 72,200, target 70,000, break below target 68,000, long-term target 60,000!

**Ethereum:** Short near 2,130, target 2,060, break below target 1,950, long-term target 1,800!