3.23 Bitcoin and Ethereum Morning Thoughts



The new week just started and the market went crazy—you could say blood flowed like a river. Gold plummeted, Nikkei and Korean stocks collapsed together, Middle East situation continues to ferment, market sentiment completely collapsed.

Currently the daily line closed bearish again, coin price directly broke through the hourly line, 4-hour Bollinger Band lower rail, bears pressing down hard. Even though Ethereum is slightly more resilient, it's clearly at the end of its rope, rebounds are struggling.

So right now if there's a rebound, short it. Don't rush to bottom-fish. In this market, licking the blade's edge—one step slow is an opportunity, one step fast is a trap.

Personal suggestions:
Bitcoin: Enter shorts at 68500-69200, targets below at 67000, 66000
Ethereum: Enter shorts at 2070-2100, targets below at 1950, 1900
#Gate13周年全球庆典 #比特币支撑阻力位分析
BTC0,19%
ETH0,91%
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