3.31 Tuesday midday Bitcoin and Ethereum latest market quotes and analysis

Opportunities are like weeds, growing wildly in the crypto world one after another. The market never disappoints those who stay up late watching K-lines. True wealth always begins with absolute confidence in your own judgment. Looking back at this morning, Bitcoin rose from an early low of 66,380 to 68,377, then retraced to the current level of 67,280. Ethereum followed Bitcoin’s trend, rising from an early low of 2012 to a high of 2093, then settling at the current level of 2050.

From the current market situation, the specific candlestick patterns further confirm the weakness of the bulls.

Long upper shadows and bearish candlesticks: The four-hour chart has recently shown frequent signs of sharp rises followed by pullbacks. After surging above 68,000, the price was quickly pushed back down, forming small-bodied candles with long upper shadows. This indicates strong bearish resistance during the rally, with increased bullish-bearish divergence, and bears beginning to take control. Additionally, some periods show classic bearish engulfing patterns, where a bullish candle is followed by a larger bearish candle that completely engulfs it. This is a strong signal that the rebound has ended and a new downtrend is starting. Therefore, Lao Lei still recommends a high short-term outlook in the afternoon.

Afternoon trading strategy:
Bitcoin around 67,500 can be shorted, target 66,000
Ethereum around 2,060 can be shorted, target 2,000#Gate金手指