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How much longer can the U.S. military bombing of Iran continue! Powell's remarks deal a heavy blow to the U.S. Treasury market! 3.19 Bitcoin and Ethereum trading strategy
How much longer can the U.S. military's indiscriminate bombing of Iran continue? Top think tank experts warn: inventory has already been depleted, and the current war phase involving direct U.S. military action can last at most a few days or weeks at most, extremely unlikely to last longer. However, even if the United States backs off, Israel will not stop. Of course, Iran is also not prepared to stop. The Federal Reserve still hasn't cut rates, and short positions from the 17th finally reached their target. Short position gains are quite good!
Daily chart shows two consecutive red candles, with coin price closing below the 10-day moving average, Bollinger Bands beginning to contract, attached KDJ three-line death cross diverging downward, MACD momentum continuously shrinking, overall trend leaning bearish, so we maintain the intraday rebound shorting strategy unchanged!
3.19 Short Strategy
Bitcoin rebounding at 72700-73000 short, conservative traders enter at 73500-74000, stop loss around 74600, target around 71500-71000, if broken look at 70500-70000 area, if further broken move stop loss to lock in profits based on situation!
Ethereum rebounding 2260-2300 short, conservative traders enter around 2330-2360, stop loss around 2400, target around 2200-2170-2150, if broken look at 2100-2060 area, if further broken move stop loss to lock in profits based on situation!
3.19 Long Strategy
Bitcoin pullback around 70000 attempt one long position, stop loss around 69000, target around 71000-71500, if broken look at 72000-72500 area, if further broken move stop loss to lock in profits based on situation!
Ethereum pullback 2040-2060 attempt one long position, stop loss around 2000, target around 2100-2130-2150, if broken look at 2200-2230-2260 area, if further broken move stop loss to lock in profits based on situation!
As the Federal Reserve holds steady for the second consecutive time, Powell's statement "I won't cut rates unless I see progress on inflation cooling down" has finally made traders face reality—the 31 trillion dollar U.S. Treasury market is experiencing severe selling pressure......#Gate13周年全球庆典