March 23 BTC/ETH:

Geopolitical Conflict Escalates, Bitcoin Falls Again, Where's the Bottom?

Trump is also unreliable. On one hand, he says the war will end immediately, on the other hand, he issues an ultimatum to Iran, threatening to bomb power plants if the strait isn't opened! US stocks, precious metals, and the Chinese A-shares all plummeted across the board. Bitcoin extended its seven-day decline at Monday's early session, breaking key support levels. As mentioned in previous articles, if the daily chart breaks 7000, the second decline will reach at least 6500. It looks like we're not far off now!

BTC
Consecutive declines have caused overbought conditions, forming a bullish engulfing pattern. Small timeframes show a need for a rebound. Watch for rebounds around 6890-6960 during the day. At minimum, if the hourly candle closes above 6890, the rebound will have strength. Overall trend-wise, it's still a ranging trend. Trading should focus on rebounding within the range.

Range between 6850-6890, defend 6980, target 6730; if broken, watch 6550-6420

ETH

Range between 2072-2098, defend 2143, target 2024; if broken, watch 1982-1943

Short-term trading is flexible and volatile. Defense levels should be determined based on your actual position size! $BTC #加密行情震荡