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March 2, 2026
Talking about $BTC and some altcoins
BTC remains in a consolidation and downward correction on the 4-hour chart. Although a previous bullish candle pierced through the previous high of 70k, it did not break the previous low. It seems to be showing signs of attempting to break through the downward trendline, but I believe it will continue to consolidate for a while. If it can test the previous low of 60k again to gather some liquidity, the upward momentum will be stronger. Otherwise, the small-cycle rallies are just trap moves, and I will continue to short.
$ETH and some altcoins are following BTC's trend. Currently, the market lacks liquidity, and few coins can move independently. One coin worth mentioning is HYPE, which has shown some strength in recent days. If BTC completes its correction and rebounds, trading HYPE could be a good buying opportunity.
Another shorting target is: $BCH , which is no longer following the upward trend and is only falling. It is near a potential strong support at around 440. Currently, I see insufficient buying volume at this level. If it breaks below and retests, I will short.