$BTC 3.25 Afternoon Bitcoin and Ethereum Market Analysis and Trading Recommendations

From the current chart structure, the four-hour level remains in a clear bearish pattern. The price is repeatedly testing the double top neckline but has failed to achieve an effective breakout. Multiple doji and small bearish candles have formed consecutively, reflecting weak upside momentum and persistent selling pressure. The MA30 moving average continues to provide resistance, with price unable to sustain above it. The Bollinger Band middle line maintains a downtrend, with the overall channel still pointing toward bearish direction.

From a technical indicator perspective, although KDJ shows some convergence at low levels with slight upturns, it remains in a weak zone. RSI has recovered modestly from oversold levels but has not returned to neutral, with the rebound being more of a technical correction rather than a trend reversal. Overall, the bearish structure remains intact, with the current phase merely a weak consolidation within the downtrend.

On the hourly level, the bullish divergence repair is essentially complete, but the rebound height is limited with insufficient bullish momentum to sustain continued upside pressure. As corrective momentum gradually depletes, the market may return to a pressured state. The afternoon is expected to continue range-bound base-grinding movement. In the absence of volume and sentiment support, chasing highs carries major risk, making a defensive approach more prudent.

Afternoon: Bitcoin can short around 71600, targeting 70000
Afternoon: Ethereum can short around 2190, targeting 2100#国际油价下跌