3.9 Evening

The 4-hour timeframe shows a critical dividing line between bulls and bears. Although there is a noticeable rebound, it is suppressed by key resistance, insufficient trading volume, and moving average resistance resonance. The short-term upward momentum continues to weaken, and the market is clearly oscillating and consolidating in a bearish manner.
The larger cycle has fallen from the high of 74,000, with the highs gradually decreasing. This rebound is a weak correction during a downtrend and not a trend reversal. Future operations should primarily involve shorting at higher levels and supplementing with short-term longs.

Bitcoin: Rebound to 68,500–69,200, short in batches, target: 66,500–65,500

Ethereum: Rebound to 2,020–2,060, short in batches, target: 1,960–1,900

Core idea: Do not chase longs on rebounds; short on resistance, follow the trend, trade lightly in batches, and strictly set stop-losses. $BTC $ETH #Gate2月透明度报告 #国际油价突破100美元