$BTC 3.26 Early Morning Bitcoin and Ethereum Market Analysis and Trading Recommendations

From a daily chart perspective, price remains firmly suppressed within a clear downtrend channel. The key resistance levels that have been repeatedly mentioned remain unbroken to this day, with overhead pressure remaining heavy and stubborn. This indicates that the bearish structure on the major timeframe has not undergone any fundamental reversal; the so-called "stabilization" is more of a pause in the downtrend rather than a true bottom.

Switching focus to the 4-hour level, the Bollinger Bands have clearly contracted, presenting a typical pre-reversal "convergence" formation. However, price continues to be suppressed near the middle band, oscillating back and forth without demonstrating the strength and conviction for an upside breakout. The middle band has shifted from support to resistance, reflecting that short-term momentum is waning and the market lacks the willingness to sustain upward pressure.

The hourly level appears to have formed a pattern of exploratory bottoming and recovery, but the quality of this rebound is clearly insufficient—rebound heights are limited and volume confirmation falls short of expectations. Each upside probe appears labored. This structure resembles a brief consolidation by bears after consecutive selling pressure, rather than a genuine counterattack signal. As rebound momentum gradually depletes, bulls are showing signs of fatigue.

In summary, short-term corrective rebounds struggle to shake the bears' dominant position. With weak rebounds and overhead space firmly sealed off, the early morning market lacks the foundation to sustain the rebound. From an operational perspective, the strategy naturally inclines toward shorting, aligning with major timeframe trends and positioning at key resistance levels while awaiting the next wave of bearish momentum release.

Bitcoin can short in the 71600-72000 range, targeting 70000
Ethereum can short in the 2200-2220 range, targeting 2100#Gate正式接入Polymarket