The monthly chart closed with a doji star, and March's performance was astonishing! 4.1 Bitcoin's trading strategy

The monthly chart has closed, and March was entirely dominated by the Middle East situation. Although the battle intensified last weekend, it clearly eased on Monday, and spot ETF also showed net inflows, albeit small, possibly because some institutions are panicking with their positions. Last month’s performance was remarkable, with positions mainly placed at high and low points of the price, and historical results are verifiable (check the homepage)!

Yesterday, the US stock market opened high and continued upward, with the Nasdaq rising 3.83%. The strength of the US stock market is undeniable; no matter how much it pulls back, it can recover. The monthly candle closed with a bullish doji star, and the price faced resistance at the 5-day moving average. The KDJ indicator on the chart shows a death cross downward, but the J line is clearly slowing down. Although there are obvious signs of bottoming, both upward and downward momentum are affected by the Middle East conflict. So, the main focus is whether the US and Iran will succeed in negotiations!

4.1 Short Strategy

Sell Bitcoin at the current price of 68,200-68,600, with conservative entries at 69,200-69,500, and a stop loss around 70,500. Target around 67,000-66,500-66,000, and move the stop loss to break even or better depending on the situation!

Sell Ethereum at the current price of 2100-2130, with conservative entries around 2150, and a stop loss near 2180. Target around 2050-2020-2000, and move the stop loss to break even or better depending on the situation!

4.1 Long Strategy:

Buy Bitcoin on a pullback to 65,500-66,000, with a stop loss around 64,500. Target around 67,000-67,500-68,000, and move the stop loss to break even or better depending on the situation!

Buy Ethereum on a pullback to 1970-2000, with a stop loss near 1930. Target around 2030-2070-2100, and move the stop loss to break even or better depending on the situation!

The fear index has dropped to single digits. Historical data shows that during such times, cryptocurrencies are usually bottoming out. However, the instability in the Middle East affects the rebound, and whether a bottom can be successfully formed depends on the US-Iran negotiations. So, everyone should operate cautiously! Use stop losses to manage risk!#加密市场普遍上涨