3.5 Thursday Midday Market Analysis

This round of rally is not merely a technical rebound; the core driver comes from US policy: Trump supports crypto legislation, the CFTC advances regulatory reforms, triggering short covering. However, from a broader perspective, the market has not yet fully reversed. If it can hold above $72,000 and break through $74,000 with increased volume, a stronger intermediate rebound may be possible.
Regarding Ethereum, it is currently mainly following Bitcoin's short-term recovery trend. If BTC stabilizes at a key level, combined with continuous ETF inflows and a breakout of the consolidation range on the daily chart, consider following up after stabilization. The weekly chart shows a slight recovery, but the main trend remains bearish, waiting for high-level stabilization to prepare for short positions.
ETH is following BTC's upward movement without obvious positive signals. Wait for high-level stabilization, with a slight breakout of the consolidation range on the daily chart, and consider shorting after stabilization. The main trend remains bearish, with a short-term wait for a high-level pullback.
Altcoin sector follows the mainstream with slight gains; most coins still have poor liquidity.
Fundamental news: Watch US-Iran developments and prevent black swan events.
BTC Trading Suggestion: Short at 72600, stop loss at 73200, take profit at 71400-69500.
ETH Trading Suggestion: Short at 2140, stop loss at 2170, take profit at 2060-2010.