$BTC 3.25 Evening Bitcoin and Ethereum Technical Analysis and Trading Suggestions

From a technical perspective, after the coin price touched the critical resistance zone of 71500-72000, which is the key dividing line between bulls and bears from the previous period, the upward momentum has shown a significant loss of strength. As a historically dense trading area, this zone has accumulated large amounts of trapped long positions and selling pressure from higher levels. In the absence of sustained buying volume, it is difficult for the price to advance rapidly, and characteristics of high-level price stagnation are gradually becoming apparent.

Combining recent market patterns, regardless of direction, the price action has displayed extremely strong "muscle memory"—with poor continuity. This fast-paced back-and-forth saw action essentially reflects a temporary balance of power between bulls and bears in this high-level zone. However, after experiencing a significant rebound, the price has returned near the top of the range again. At this point, the risk-reward ratio for chasing long positions has become extremely unfavorable.

The intraday session will likely stage a correction below this resistance zone. The seemingly strong rebound currently appears, before effectively breaking above the 72000 level, more inclined to be a bull trap testing the resistance. As the upward momentum slows, the market may enter a retest confirmation stage.

Recommendation: Maintain a short bias and avoid chasing rallies. Wait patiently for minor rebound opportunities. Once clear signals of weakening upside (such as long upper wicks or engulfing patterns on the 15-minute or 1-hour level) emerge, establish short positions selectively. Key support levels to watch on the downside include the 70000 round number and the 69500 area. Before key resistance is effectively broken, maintain a short-term view favoring corrections.

Evening BTC can short near 72000, targeting 70000
Evening ETH can short near 2200, targeting 2100#Gate正式接入Polymarket