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3.23BTC/ETH Market Analysis:
Geopolitical Impact: Gold plummeted at Monday's market open. As they say, "when the cannon fires, gold rises in value" – but this time, crude oil prices surged while gold fell continuously. Bitcoin followed suit with continuous declines. Last Friday, we publicly provided shorts at 70,500 for BTC and 2,160 for ETH, guiding everyone to profit at 68,000 and 65,000. You all made money, right? For those who missed it, no worries – there are opportunities every day. As long as the direction is correct, you'll have your chance to board the train and make profits!
Bitcoin Weekly K: A large bearish inverted hammer candle has ended the previous two consecutive bullish candles. Price broke below the 68,000 level. Bollinger Bands' three bands are opening downward, with the lower band walking flat and then opening downward to create downside space. MACD bearish momentum continues to expand volume. Daily K level: Price rebounded after hitting resistance at 76,000 and pulled back, breaking below the middle band support. Bollinger Bands' lower band opening downward, creating room for further decline. KDJ and RSI formed a bearish cross after overbought conditions at high levels, continuing downward. MACD bearish volume continues to expand.
Short-term 4-hour level: Price continues lower while pressed against the Bollinger Bands lower band, constantly testing downside breakouts. KDJ and RSI are oversold at low levels with signs of upward reversal – indicators need minor correction. Don't be too aggressive chasing shorts. MACD bearish momentum continues expanding. Hourly chart: All three Bollinger Bands are opening downward, price is continuously suppressed by the middle band moving lower, forcing the lower band to open downward. Today's strategy: focus on shorting from highs!
For those holding shorts from last week's 70,500 level, you can continue holding and monitor the 65,000 support level. For those without shorts, patiently wait for a rebound to allow for minor technical correction, then initiate shorts at higher levels – this will be more prudent. I won't elaborate further on details here. The intra-day short plan has already been arranged. The rest we leave to time! #Gate13周年全球庆典 $BTC