Monday🗓️「March 23」

BTC and ETH have been falling for a week in a row. Will they continue to decline further?

Recently, the situation in the Middle East has escalated, and the market has been overwhelmed by panic sentiment. Coupled with the chain reaction of liquidations and the intensifying US-Iran standoff in the Strait of Hormuz, the entire market has experienced a significant impact. In the past 24 hours, the number of liquidations across the entire network has exceeded 200,000 people...

From a technical perspective, although a rebound is expected after such a sharp decline, the bears have now gained firm control. Bitcoin, above the 70,000 level, faces strong resistance at 70,000, and Ethereum should focus on 2,120. Until the geopolitical situation clarifies, it is more prudent to wait for a rebound to short rather than rushing to buy the dip...

✅ Short-term trading strategy (short on rallies)

Bitcoin (BTC): Short at 68,800-69,200,
Target 68,000-67,300, if broken, watch for 66,500

Ethereum (ETH): Short at 2,100-2,118,
Target 2,050-2,000, if broken, watch for 1,970

⚠️ Pay close attention to the US-Iran 48-hour final deadline from tonight through tomorrow morning. If the situation deteriorates, prices will continue to decline; if volume breaks through key resistance/support levels, be sure to adjust your strategy promptly. Please follow real-time trading signals for specific guidance.