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Monday, the bears crushed it, with the opening declining as expected.
This rhythm is right on track. In yesterday's article, I mentioned that big Bitcoin would open lower on Monday. The shorts dropped to a low of 67,300, exactly as we predicted. Since the Fed announced no rate cut on 3.19, precious metals, US stocks, European stocks, and the crypto sphere have all declined across the board, with over 200,000 people liquidated network-wide.
Looking at the current situation, the daily chart shows consecutive declines, but it's worth noting that the K-line has reached the bottom of the Bollinger Band. If the strong support at 65,000 cannot be effectively broken through, there are signs of a short-term rebound to fill the gap. For now, continue to trade short with the trend. When we reach support, adjust based on the momentum.
Bitcoin: Short in the 68,300-68,800 range, target 65,000, light position entry, reserve position for averaging down.
Ethereum: Short in the 2,065-2,095 range, target 1,930, light position entry, reserve position for averaging down.
Moving forward to critical moments, we take it step by step. In the final week of March, this closing battle must end perfectly. Follow me to stay at the forefront of profiting.