3.10 Tuesday Midday Market Analysis

The market experienced a surge in volume during the morning, with prices briefly reaching around 70,500, and Ethereum also moved up to near the 2,050 level. Short-term bullish momentum has become apparent, but the price has not been able to firmly hold above key support levels. After a spike, the momentum weakened, indicating that selling pressure above still exists.
From the four-hour chart, after a brief attempt to test the upper Bollinger Band, the price pulled back. The candles generally show long upper shadows, indicating significant resistance above and a typical sign of being under pressure.
Overall, the current market remains in a tug-of-war between bulls and bears. While bulls are trying to gain strength, they lack the ability to stabilize above critical levels. Focus on the resistance levels above for signs of pressure. Note: If multiple attempts to break through fail, consider adopting a bearish strategy.
BTC Trading Advice: Consider long positions around 68,600 with a stop loss at 68,000 and take profit at 70,000-71,000. If multiple attempts to break through fail, consider high-position short positions.
ETH Trading Advice: Consider long positions around 2,000 with a stop loss at 1,970 and take profit at 2,050-2,100. If multiple attempts to break through 2,050 fail, consider high-position short positions.