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

From the daily structure perspective, prices remain suppressed within a clear descending channel. The key resistance levels that have been repeatedly mentioned have yet to be effectively broken through, with heavy and stubborn selling pressure overhead. This indicates that the bearish structure of the major timeframe has not undergone any substantial reversal; the so-called "stabilization" is more of a breathing pause amid the decline.

Switching focus to the four-hour level, the Bollinger Bands have visibly contracted, showing a typical "convergence" pattern before a trend reversal. However, prices remain suppressed near the middle band, alternating in a seesaw motion without demonstrating the strength and determination for an upward breakout. The middle band has shifted from support to resistance, reflecting that short-term momentum is being depleted, and the market lacks the willingness for sustained upside attacks.

The hourly level appears to have formed a bottom-probing and recovery pattern, but the quality of this recovery is clearly insufficient—the rebound height is limited, and volume support falls short of expectations. Each upside probe appears labored. This structure resembles a brief consolidation by bears following consecutive selling pressure rather than a true counteroffensive. As rebound momentum gradually wanes, bulls are showing signs of exhaustion.

In summary, short-term corrective rebounds cannot shake the bearish dominance. Against the backdrop of weak rebounds and the upside space being firmly sealed, the early morning market no longer has the foundation to sustain further rebounds. In terms of operations, thinking naturally tilts toward shorting, aligning with major timeframe trends, and establishing positions at key resistance levels, awaiting a renewed release of bearish pressure.

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