Downtrend blocked, be cautious with chasing, major short trend rebounds and re-enter! 3.20 BTC and ETH ideas


Initial jobless claims slightly positive, but Powell's remarks had too large an impact, US stocks opened and closed lower, crypto prices followed suit, only touching bottom and rebounding in the early morning. Yesterday saw ETH too strong, waited for a drop to 2100 to try a long position, BTC entered at 69000, currently with small gains!
Daily three consecutive red candles, crypto price closed near the mid-band, this morning's close with a long lower wick indicates downside rejection, the KDJ indicator in the attached chart shows three lines dead cross diverging downward, MACD volume continues to shrink, overall trend remains bearish, so for intraday operations Conan suggests short on rebounds as the main strategy, long at lows as supplementary!
3.20 Short Strategy
BTC rebound 72700-73000 short, conservative traders 73500-74000 entry, stop loss around 74600, targets around 71500-71000, break down see 70500-70000 area, further break move stop loss to protect profits based on conditions!
ETH rebound 2230-2260 short, conservative traders 2300-2330 entry, stop loss around 2360, targets around 2200-2170-2150, break down see 2100-2070 area, further break move stop loss to protect profits based on conditions!
3.20 Long Strategy
BTC pullback 68500-69000 try one long position, stop loss around 68000, targets around 70000-70500-71000, break up see 71500-72000-72500 area, further break move stop loss to protect profits based on conditions!
ETH pullback 2070-2100 try one long position, stop loss around 2040, targets around 2140-2170-2200, break up see 2230-2260 area, further break move stop loss to protect profits based on conditions!
Bessent revealed that there are currently approximately 130 million to 140 million barrels of sanctioned Iranian crude oil on the sea surface. The US may lift sanctions on these "floating oil" within the next few days, allowing it to flow into the market. This is to suppress soaring oil prices. Multiple countries have also explicitly stated that they will subsequently provide escort for ships transiting the Strait of Hormuz! #美联储维持利率不变
ETH-2,26%
BTC-0,06%
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