2026-03-20 01:26:09

3-20 Morning Market Analysis

After a round of decline, the current market shows insufficient rebound momentum, with bulls lacking counterattacking strength. Today we continue to look for the downtrend to persist.

From the 4-hour level trend, Bitcoin surged to refresh the phase high, followed by consecutive high-volume large bearish candles pulling back, directly testing the lower support line. The weekly gains have been almost completely reversed, and the downtrend is clear and evident.

The MACD bearish energy histogram continues to expand. Although bulls have attempted resistance multiple times based on lower wicks, they still struggle to reverse the overall downward rhythm. Short-term rebound strength is weak, and the overall pattern remains biased toward bears.

Trading Recommendations

Bitcoin: Sell in batches in the 70600-71000 zone, targeting 69000-68000 area
Ethereum: Sell in batches in the 2160-2180 zone, targeting 2050-2100 area

BTC1,1%

ETH1,15%

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