3.3 Tuesday Midday Market Analysis

Bitcoin surged overnight to approach the 70,100 level but then lost momentum and entered a sideways downward trend. It has consecutively retreated and briefly dipped to around 68,100. From the hourly Bollinger Bands perspective, the upper band has turned downward and diverged, forming a short-term strong resistance. Although the middle and lower bands maintain an upward slope, the price previously broke through the upper band strongly and temporarily pushed the band upward, but has now fallen back inside the Bollinger channel, moving sideways. Overall, the Bollinger Bands have shifted from expanding to contracting, indicating that Bitcoin faces significant resistance at high levels.
BTC Trading Suggestion: Short at 69,200-69,800, take profit at 67,300-66,500, stop loss at 70,500
ETH Trading Suggestion: Short at 2,030-2,050, take profit at 1,980-1,900, stop loss at 2,100
The overall trend remains unchanged: ETH between 1,800-2,150, Bitcoin between 62,000-70,000 in a range-bound oscillation.