Iran's "True Promise 4" 49th Round Military Operation Launched, Crypto Prices Rebound and Fall, Short Positions Rake in Big Gains! 3.14 Bitcoin and Ethereum Evening Trading Ideas

In the afternoon of the 14th local time, Iran launched the 49th round of military operations "True Promise 4" targeting the US and Israel. Bitcoin prices rebounded yesterday, but Bitcoin was blocked at the 74,000 level, and Ethereum was blocked at the 2,230 line. The stop-loss points provided for the short selling strategy were extremely precise, and this wave of short positions made huge gains!

On the daily chart, Bitcoin showed five consecutive positive candles, but the candle body that closed this morning was very small with an extremely long upper wick, clearly showing a pull-and-dump pattern. Combined with Iran showing no intention of ceasefire, this evening we maintain the rebound short-selling strategy unchanged. Those holding short positions can move their stop losses to lock in profits!

3.14 Evening Short Position Ideas

Bitcoin: Continue shorting on rebounds at 71,500-72,000, conservative traders enter at 72,500-73,000, defend around 74,000, targets at 70,500-70,000-69,000-68,500, if broken, watch 68,000-67,500-67,000, continue to move stop loss to protect profits as needed!

Ethereum: Continue shorting on rebounds at 2,130-2,170, conservative traders enter around 2,200, defend around 2,250, targets at 2,070-2,030, if broken, watch 2,000-1,950-1,920, continue to move stop loss to protect profits as needed!

3.14 Long Position Ideas

From the current market, Bitcoin is holding 70,000 and Ethereum is holding 2,000. If the conflict escalates, there likely won't be significant rebounds in the near term. However, with continuous capital inflows and no large outflows in the spot ETF market recently, we can tentatively try going long. Bitcoin: attempt at 69,500-70,000, Ethereum: attempt at 2,000-2,030, just set a small stop loss! Manage positions reasonably based on your own situation!
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