Downside met resistance, trade bounces cautiously, major trend rebounds before re-entering! 3.20 BTC and ETH strategy


Initial jobless claims showed slight positive impact, but Powell's remarks had excessive influence, US stocks opened and closed lower, coin prices followed suit, only bounced at dawn. Yesterday ETH was too strong, waiting for a dip to 2100 to attempt a long trade, BTC entered at 69000, currently showing small profits!
Daily three consecutive bearish candles, coin price closing near midline, this morning's long lower shadow indicates downside met resistance, indicator KDJ three-line death cross diverging downward, MACD volume continues shrinking, overall trend remains bearish, so for intraday operations our recommendation is mainly short on bounces, supplemented by low longs!
3.20 short strategy
BTC bounce to 72700-73000 short, conservative traders enter at 73500-74000, stop loss around 74600, target 71500-71000 area, breakdown target 70500-70000 area, continued breakdown move stop loss to protect profits based on situation!
ETH bounce 2230-2260 short, conservative traders enter at 2300-2330, stop loss around 2360, target 2200-2170-2150 area, breakdown target 2100-2070 area, continued breakdown move stop loss to protect profits based on situation!
3.20 long strategy
BTC pullback 68500-69000 attempt one long position, stop loss around 68000, target 70000-70500-71000 area, breakdown target 71500-72000-72500 area, continued breakdown move stop loss to protect profits based on situation!
ETH pullback 2070-2100 attempt one long position, stop loss around 2040, target 2140-2170-2200 area, breakdown target 2230-2260 area, continued breakdown move stop loss to protect profits based on situation!
Brent revealed that there are currently approximately 130-140 million barrels of sanctioned Iranian crude oil on the sea surface. The US may lift sanctions on these "floating oil" within the coming days, allowing them to flow into the market. This is to suppress surging oil prices. Multiple countries have also clearly stated that they will subsequently escort vessels transiting the Strait of Hormuz! #美联储维持利率不变
ETH-0,06%
BTC0,12%
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