Middle East Situation Escalates, Trump Threatens Iran to Open Strait of Hormuz! 3.22 Bitcoin and Ethereum Strategy

The Middle East situation has escalated again. According to Israeli reports, approximately 100 people were injured in Arad, with some trapped under rubble. Israel has declared a mass casualty event in the city. Subsequently, Iran's parliament speaker stated: If the Israeli regime failed to intercept missiles over the highly alert Dimona region, this marks a new phase of conflict—Israel's airspace is completely defenseless. Therefore, it appears the time has come to implement the next phase of planned operations. Regarding soaring oil prices, Trump publicly threatened that if Iran does not completely open the Strait of Hormuz within 48 hours without any threats, the US will strike and destroy all its power plants!

Affected by this, the daily chart closed bearish again, with coin prices breaking recent lows. However, Bollinger Band convergence has slowed, KDJ three-line death cross pointing downward, fast line also decelerating, MACD dual-line forming initial death cross, bearish momentum showing, overall trend biased bearish. Therefore, maintaining intraday rebound short strategy remains unchanged!

3.22 Short Strategy

Bitcoin rebound 71000-71500 short, conservative entry 72000-72500, stop loss around 73000, target 70500-70000-69500 area, if broken look 69000-68500-68000 area, further breaks move stop loss and lock profits accordingly!

Ethereum rebound 2130-2160 short, conservative entry 2290-2330, stop loss around 2360, target 2100-2060 area, if broken look 2030-2000 area, further breaks move stop loss and lock profits accordingly!

Without Middle East situation easing, bulls struggle to sustain. Although fund momentum pushes coin prices up, they ultimately get hammered back. Those looking to go long should set stop losses; when opportunities arise, lock in breakeven losses and slowly shift to profit locks. Beware of continued bearish momentum, everyone exercise caution on dips! #Gate13周年全球庆典