3.23 Bitcoin and Ethereum Morning Strategy

The new week just opened and the market went straight into a bloodbath — you could say blood is flowing like rivers. Gold plummeted, Nikkei and Korean stocks collapsed collectively, Middle East tensions continue to escalate, and market sentiment has completely imploded.

Currently the daily line closed bearish again, coin prices have broken through the hourly line and 4-hour Bollinger lower band, with bears pressing down hard. Even though Ethereum is slightly more resilient, it's clearly at the end of its strength, and rebounds are becoming difficult.

So right now if there's a bounce, go short — don't rush to buy the dip. In this kind of market, it's licking blood off knives. Being one step slow is an opportunity, being one step fast is a trap.

Personal Suggestions:
Bitcoin: Enter shorts at 68500-69200, targets down to 67000, 66000
Ethereum: Enter shorts at 2070-2100, targets down to 1950, 1900
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