Downtrend blocked, be cautious with chasing rallies. Major downtrend, re-enter on rebound! 3.20 BTC and ETH Strategy

Initial jobless claims showed modest positive, but Powell's remarks had too much impact, US stocks opened and closed lower, crypto prices followed suit, only bounced at dawn. Yesterday ETH looked strong, waiting for a pullback to 2100 to attempt a long, BTC entry at 69000, currently small profits!

Daily three consecutive red candles, price closed near mid-band, this morning's long lower wick indicates downside rejection, attached indicators KDJ three lines dead cross diverging downward, MACD volume continues to shrink, overall trend remains bearish, so intraday operations suggest mainly shorting on rebounds, with long positions as secondary strategy!

3.20 Short Strategy

BTC rebound 72700-73000 short, conservative entry 73500-74000, stop loss near 74600, targets 71500-71000, breakdown see 70500-70000, further breakdown move stop loss to protect profits based on situation!

ETH rebound 2230-2260 short, conservative entry 2300-2330, stop loss near 2360, targets 2200-2170-2150, breakdown see 2100-2070, further breakdown move stop loss to protect profits based on situation!

3.20 Long Strategy

BTC pullback 68500-69000 attempt one long, stop loss near 68000, targets 70000-70500-71000, breakdown see 71500-72000-72500, further breakdown move stop loss to protect profits based on situation!

ETH pullback 2070-2100 attempt one long, stop loss near 2040, targets 2140-2170-2200, breakdown see 2230-2260, further breakdown move stop loss to protect profits based on situation!

Bassent revealed approximately 130-140 million barrels of sanctioned Iranian crude oil currently on the sea surface. The US may lift sanctions on these "floating oil" within days, allowing it to enter the market to suppress soaring oil prices. Multiple countries have also explicitly stated they will escort ships transiting the Strait of Hormuz subsequently! #美联储维持利率不变