3.20 BTC & ETH Morning Thoughts



Little Zhuge's short-term outlook remains firmly bullish, and it's a confident bullish view. From the chart, the lows are being progressively raised step by step—this isn't a rebound, it's gradually building up the cost base. Although the downtrend line is still capping from above, it looks more like the final layer of emotional suppression rather than the trend itself.

Currently, pullbacks are getting shallower and momentum weaker, indicating bears are exhausting; meanwhile, buying pressure below continues to absorb supply, with chips being gradually locked in. At this stage, the essence is doing one thing:
Eating up the selling pressure bit by bit.

Once volume expands and directly breaks through the overhead resistance,
that won't be ordinary retracements anymore—it will be a trend-level reversal confirmation.

Personal Suggestions:
BTC: Enter longs at 70k-69,200, targets 71,500 upside, breakout targets 74,000
ETH: Enter longs at 2,100-2,130, targets 2,180 upside, breakout targets 2,250
$BTC $GT #TradFi首创多倍杠杆 #Gate广场AI测评官
BTC-0.26%
GT-2.01%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin