3.23 Bitcoin and Ethereum Early Week Outlook

The new week just started and the market went absolutely crazy—you could say blood is flowing like rivers. Gold plummeted, Nikkei and Korean stocks collapsed collectively, Middle East tensions continue to escalate, and investor sentiment has completely crashed.

Currently the daily chart closed another bearish candle, coin prices broke directly through the hourly and 4-hour Bollinger lower bands, with bears pressing hard. Even Ethereum showing slightly more strength is clearly a last gasp, even rebounds are struggling.

So right now, bounce trades are for shorting—don't rush into bottom fishing. In this market, it's walking a knife's edge. One step slow is opportunity, one step fast is a trap.

Personal Suggestions
Bitcoin: Enter shorts at 68500-69200, targets down to 67000, 66000
Ethereum: Enter shorts at 2070-2100, targets down to 1950, 1900
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