3.24 Bearish Outlook + Trading Recommendations

1. Volume-Price Divergence, Momentum Exhaustion: After short-term rallies, there is no effective volume follow-through, showing clear volume-price divergence signals. Fund inflows are weak during rebounds, while selling pressure intensifies during declines—a typical "can't go up, drops fast" weak pattern with insufficient bullish momentum.

2. Resistance at High Levels, Moving Average Pressure: Price repeatedly tests key resistance at higher levels but fails to hold steady, constrained by moving average downward pressure. Short-term rebounds are mostly weak pullbacks, unable to reverse the medium-term downtrend, making shorting more profitable.

3. Weakening Indicators, Bearish Dominance: Technical indicators (such as MACD, RSI) show bearish crossovers with lengthening momentum bars, bearish forces dominating the market, and sentiment shifting from optimistic to cautiously bearish.

4. Cooling Sentiment, Profit-Taking: As the market consolidates downward, enthusiasm for chasing rallies cools, and previous profit positions lock in gains, creating new downside momentum.

5. Bearish Trend, Trading with the Flow: Overall assessment shows a clear short-term bearish trend; operationally, abandon bullish hopes and focus on shorting at highs, strictly control risk, and avoid counter-trend bottom-fishing.
🎯 Trading Recommendations

BTC

• Entry: Short in batches in the 71500 - 72000 range

• Stop-Loss: 72600 (exit and observe if effectively breached)

• Targets: 70000 → 69000 → 68000

ETH

• Entry: Short in batches in the 2170 - 2200 range

• Stop-Loss: 2250

• Targets: 2100 → 2050 → 2000
⚠️ Risk Management Reminders

• Use strict stop-losses; never hold losing positions; small losses are a normal part of trading.

• Enter with light positions; add to positions subsequently based on market strength.

• Do not blindly chase shorts after breakdowns; wait for rebounds to meet resistance before establishing positions.#Gate13周年全球庆典 $BTC $ETH