BTC/ETH Consolidation or Accumulation?

2026.03.06 / Sunny
Passing by an old noodle shop that has been open for over ten years in the early morning, I sat down and had a bowl of hot noodle soup.
The owner asked: Why aren’t you drinking alcohol anymore?

I smiled: After passing the age of flashing lights and red wine, midnight drinks can’t compare to a warm bowl of noodles in the morning that soothes the stomach.

People mature, and so does trading.

In the past, I chased gains and sold on dips, impatient and aggressive. Now I understand consolidation and can be patient. That’s my growth in the crypto world.

The market has never been kind to beginners.
Retail investors need time to grow, but the main players will never wait for you.

At midnight, BTC fluctuated around 71,000, weakening slightly, dropping to 70,339 before quickly rebounding. On the four-hour chart, it fell from the high of 74,046, breaking below the middle Bollinger Band and moving averages. MACD shows a death cross, indicating short-term pullback needs. RSI is oversold, KDJ is at a low level, and rebound momentum is building—typical consolidation and accumulation!

In the early morning, ETH dipped below 2050 then quickly surged, stabilizing above 2070.
Strong buying pressure below indicates normal consolidation in a bullish trend. Holding above 2070 on the hourly chart, the early low is a solid support. The sideways upward structure remains intact, waiting for technical buying to enter.

【Bai Jie’s Trading Plan for Today】
Support: 70300-70500
Target: around 72300
Stop: 70000

Support: 2050-2065
Target: around 2150
Stop: 2020

Endure the panic during consolidation to hold onto the main upward wave.
True advanced players quietly position themselves when others are panicking. $ETH