3.25 Evening Bitcoin and Ethereum Market Analysis and Trading Recommendations

From a technical perspective, after the coin price touched the key resistance level of 71500-72000, which marks the bullish/bearish dividing line, the upward momentum has clearly weakened. This area is a historically dense trading zone with significant locked-in positions and selling pressure. Lacking sustained buying volume, the price is difficult to break through, and high-level consolidation characteristics are evident.

Recent bullish and bearish momentum lacks continuity, with back-and-forth consolidation representing a temporary balance of forces in the high range. After a significant rebound, price has returned to the top of the range box, making chasing longs unfavorable in risk/reward ratio. During daytime trading, there is a high probability of adjustment below the resistance level. Before firmly establishing a position above 72000, rebounds are more likely to be a bull trap testing resistance. As the uptrend slows, the market may pull back to confirm support. It is recommended to maintain a bearish bias and avoid chasing highs. Wait for a signal of weakening upward momentum before strategically deploying short positions.

Focus on the 70000 support level and 69500 support below. Before the resistance is effectively broken, expect pullbacks in the short term.

Evening Bitcoin short near 72000, target 70000;

Ethereum short near 2200, target 2100.