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3.26 Evening Market Analysis—Bullish Momentum Weak, Rebound Still Bearish
The market continues to weaken. After BTC surged to 72,000 yesterday and faced resistance, it then declined steadily, with the lowest touching around 69,100.
Currently, BTC is in a three consecutive bearish candles on the 4-hour chart, with sufficient volume, indicating a clear short-term downtrend. In a weak market environment, continue to short on rebounds tonight.
For Bitcoin, suggest short positions in the 69,800–70,500 range, targeting 68,000–66,000.
For Ethereum, suggest short positions in the 2,080–2,130 range, targeting 2,050–1,900.