Downtrend blocked, trade cautiously on rebounds. Major downtrend, re-enter on rebound! 3.20 Bitcoin and Ethereum strategy

Initial jobless claims provided minor support, but Powell's comments had excessive impact. US stocks opened and closed lower, and crypto prices followed suit, only touching bottom and rebounding in the early morning. Yesterday I watched Ethereum closely, only attempting a long at 2100, entering Bitcoin at 69000, currently with modest gains!

Daily chart shows three consecutive red candles, price closing near the middle band. This morning's close had a long lower wick, indicating the downside was met with resistance. The KDJ on the chart shows three lines dead crossing downward divergence, MACD volume continues to shrink. Overall trend remains bearish, so intraday operations suggest primarily selling on rebounds, supplemented with low-level longs!

3.20 Short Strategy

Bitcoin rebound 72700-73000 short, conservative entry 73500-74000, stop loss near 74600, target 71500-71000, breakdown look 70500-70000, further breakdown move stop loss to secure profits!

Ethereum rebound 2230-2260 short, conservative entry 2300-2330, stop loss near 2360, target 2200-2170-2150, breakdown look 2100-2070, further breakdown move stop loss to secure profits!

3.20 Long Strategy

Bitcoin pullback 68500-69000 attempt long, stop loss near 68000, target 70000-70500-71000, breakdown look 71500-72000-72500, further breakdown move stop loss to secure profits!

Ethereum pullback 2070-2100 attempt long, stop loss near 2040, target 2140-2170-2200, breakdown look 2230-2260, further breakdown move stop loss to secure profits!

Bisente revealed that approximately 130-140 million barrels of sanctioned Iranian crude oil are currently on the sea. The US may lift sanctions on these "floating oil" within days, allowing it to flow into the market. This aims to suppress surging oil prices. Multiple countries have also clearly stated they will provide escort protection for vessels transiting the Strait of Hormuz! #美联储维持利率不变