$BTC 3.4 Midday Bitcoin and Ethereum Market Analysis and Trading Suggestions

Currently, the 4-hour chart shows that the market is in a "liquidity trap" phase: the price fluctuation range continues to narrow, forming a typical descending triangle consolidation. This structure is often seen as a bearish continuation pattern, indicating a higher probability of the downtrend resuming after the consolidation ends.

From a volume perspective, recent bullish moves have seen short-term volume spikes, but the volume-price relationship shows divergence. This rebound volume is a typical "weak rebound," only capable of sustaining low-level oscillations without breaking through the heavy supply zone above. This suggests that the apparent buying strength is mostly bluff, lacking the consensus and momentum for a sustained upward attack.

Regarding support levels, current technical support has not yet been broken, but after repeated tests and consumption, it shows signs of defensive fatigue. Once the market sentiment shifts, this support level is likely to accelerate its breakdown. The overall market momentum remains weak, and any rebound will face strong resistance from the bears at higher levels.

In terms of operations, focus on the 4-hour descending trendline and key resistance levels formed by previous consolidation lows. As long as the price does not effectively break above this resistance zone, any minor rally should be viewed as a good opportunity to establish short positions. It is recommended to strictly control position sizes, gradually build short positions near key resistance levels, with targets set at the breakdown points of lower support structures.

Midday, you can short Bitcoin around 69,000, targeting 67,000.
Midday, you can short Ethereum around 2,010, targeting 1,900.