#BTC 3.31 Tuesday Night Bitcoin and Ethereum Latest Analysis and Strategy

Don’t be thrown off by short-term fluctuations; patience is more valuable than impulsiveness. Looking back, Bitcoin started to decline above 67,000 in the afternoon, with the lowest point reaching 66,344 before a slight rebound. The decline has not yet stopped. Ethereum’s downtrend is even more aggressive, with the lowest point in 2023 still not finding support. In the afternoon, short positions were established on Bitcoin, Ethereum, and Solana, all sharply taken down.

Based on the current market, the four-hour chart shows a downtrend with consolidation, with the rebound failing to break the previous high of 68,500, forming a lower high structure. RSI is under pressure in the 45–50 range, not breaking above the 50 midline. MACD is below the zero line, with shrinking red bars and weakening bullish momentum. The rebound volume continues to decrease, with no buying support. On the hourly chart, after a rally, there is a bearish divergence, with a small double top forming around 67,800–68,000. Bulls are reducing positions, bears are increasing, and liquidation pressure is leaning more to the downside. Bullish momentum is exhausted, and a second retest may occur at any time. Tonight’s strategy is to short on rebounds at higher levels.

Tuesday Night, 3.31
BTC: Short around 66,800, target 65,500
ETH: Short around 2,060, target 1,960