3.10 Bitcoin Analysis

Ethereum surged to around 2050 and faced resistance, then pulled back, with a short-term dip to the 1988 area. Although there was a slight rebound, upward pressure is clearly evident, and overall the market remains in a pressure-driven consolidation pattern, not yet breaking free from the bearish dominance zone.

The monthly chart has shown consecutive downward closes for nearly half a year, indicating a significant correction; this month, despite a long lower shadow expected, the trend has not reversed, and any rebound remains an opportunity to short.

The daily and four-hour charts show weak rebounds and room for further decline. If the price remains within the range without breaking out, the trend will continue to oscillate with a bearish bias; if key support levels are broken, further downside space will open. Over the weekend, the market is mainly consolidating and repairing. After this round of rebound stalls, the primary strategy is to prioritize short positions.

Trading Suggestions
Short in batches around 2030–2050, with targets near 1900–1850.