3.23BTC/ETH Market Analysis:

Geopolitical Impact – Gold plummeted at the opening on Monday. As the saying goes, "when cannons boom, gold flows." This time it's crude oil prices that have taken off, while gold has been declining steadily. Bitcoin has also been falling continuously. Last Friday, we provided everyone with shorts at 70500 BTC and 2160 ETH, taking profits at 68000 and 65000 – did you all catch the meat? For those who didn't, no worries – the market moves every day, and as long as the direction is right, you'll get on board eventually and catch profits!

Bitcoin Weekly K-line closed with an inverted hammer followed by a large bearish candle, ending the previous two consecutive bullish days. Price broke below the 68000 level, with all three Bollinger Bands moving downwards and opening lower. The lower band is walking flat and then opening lower, creating downside space. MACD bearish momentum continues to expand volume. On the daily level, price rebounded off resistance at 76000 and retreated, breaking below the middle band support all the way. The Bollinger Bands lower band opens lower downwards, creating room for further decline. KDJ and RSI formed a death cross at overbought levels, moving lower consistently, while MACD bearish volume continues to expand.

In the short-term 4-hour timeframe, price continues moving lower along the lower Bollinger Band, constantly testing downward with wicks. KDJ and RSI are at oversold lows with signs of an upward reversal – the indicators need minor correction. Don't be overly aggressive chasing shorts. MACD bearish momentum continues expanding. On the hourly chart, all three Bollinger Bands move lower, price is continuously suppressed by the middle band moving lower, forcing the lower band to open lower. Today's strategy: primarily short!

If holding short positions from last Friday's 70500 entry, you can continue to hold them, watching the 65000 support level. For those without shorts, patiently wait for a rebound and let the indicators undergo minor correction, then enter shorts at higher levels – this will be more prudent. For more detailed analysis, I won't elaborate here. Intraday shorting plans have already been arranged; the rest is up to time! #Gate13周年全球庆典 $BTC