This early morning, the cryptocurrency prices rebounded again, reaching a high of around 69,500. Subsequently, the prices continued to correct and recover. The current retracement trend is still ongoing. I clearly indicated a bearish outlook last night. Our short position on Bitcoin, entered at 69,465, was again precisely profitable by 909 points at 68,556. Simultaneously, the Ethereum short position gained 50 points. Yesterday’s market movement was severely detached from technical indicators, and we made timely adjustments to quickly regain our footing. Losing in contracts is not scary; what’s scary is operating emotionally in succession. If you’ve experienced similar situations recently, follow Hao Yu’s lead to help you quickly get out of the current predicament. Looking at Bitcoin on the four-hour chart, the price quickly surged with consecutive bullish candles, testing the upper resistance of the upper band, then formed a medium-length bearish candle and rapidly corrected to restore the chart. The short-term trend of the four-hour K-line structure remains predominantly bearish. Yesterday’s strong rebound was more influenced by external factors. Once external stimuli are gradually digested by the market, a new wave of increased volume in the bears is inevitable. The outlook remains unchanged for a retracement. In the short-term hourly chart, the price continues to rise along the upper Bollinger Band, with consecutive bullish candles. As the US stock market closed smoothly, the price gradually entered a correction and recovery phase. After a significant rebound, the correction demand increases gradually. Additionally, the MACD histogram shows that the bullish momentum is continuously weakening, with the fast and slow MACD lines converging downward to form a golden cross. The short-term outlook during the daytime remains bearish, and short-term rebounds should be used for high-level short entries. For Bitcoin, short around 68,800, watch near 67,500. For Ethereum, short around 2020, focus near 1,940.

Crypto World News reports that Wu said on Twitter: Bloomberg data shows that multiple Wall Street institutions and crypto investment firms hold spot Solana ETFs, with Electric Capital Partners leading with approximately $138 million in holdings. Well-known institutions such as Goldman Sachs, Morgan Stanley, and Castle Investment are also on the list.

Tuesday morning, March 10th, BTC/ETH sharing Three attempts to break through the resistance level have all failed to produce an effective breakout. Each rally was quickly reversed after a brief surge, leaving a clear long upper shadow on the daily chart. This pattern typically indicates that supply pressure above is very concentrated, and the bullish momentum to push higher is gradually weakening. The so-called "pin bar" market is essentially a failed breakout attempt—price briefly pierces a key level but is quickly suppressed back down, indicating that a large amount of active sell orders have accumulated in that area. The bullish funds can no longer sustain a continuous upward move and are instead suppressed by the bears, dominating the short-term trend. From a structural and trend perspective, the market's rhythm has clearly shifted to high-level consolidation with a slight weakness. The signals of a major top are becoming more evident, and the previous high of 74,000 can be considered a phased top zone. Currently, the price is within a consolidation range after peaking and pulling back, with the overall trend leaning toward a correction. Trading suggestions: Bitcoin rebound in the 68,800-69,300 range to go short, target 66,500 Ethereum rebound in the 2015-2035 range to go short, target 1875