3.23BTC/ETH Market Analysis:

Geopolitical impact caused gold to plunge at Monday's open. As the saying goes, "when cannons roar, gold flows," but this time crude oil prices surged while gold fell continuously. Bitcoin has been declining as well. Last Friday, we publicly provided 70500 BTC and 2160 ETH shorts to everyone, taking profits at 68000 and 65000. Did you all get the meat? Don't worry if you didn't—there are opportunities every day. As long as direction is correct, you'll board the train early and make profits!

Bitcoin weekly chart closed with an inverted hammer large bearish candle, ending the previous two consecutive gains. Price broke below the 68000 level, with all three Bollinger Band tracks turning downward and opening lower. The lower band is walking flat and continuing to open downward, creating selling space. MACD bearish momentum remains in volume expansion. On the daily chart, price rebounded from resistance at 76000 and retreated, breaking below the middle band support all the way. Bollinger Bands lower track opened downward, widening the downside room. KDJ and RSI formed death crosses after overbought highs, moving lower continuously. MACD bearish volume remains expanding.

On the 4-hour timeframe, price continues moving lower while pressed against Bollinger Bands lower track, testing with repeated pinwicks. KDJ and RSI are oversold at lower levels with signs of turning upward. Indicators need minor correction and rebound. Don't be too aggressive shorting. MACD bearish volume continues expanding. The hourly chart shows all three Bollinger Band tracks opening downward. Price has been suppressed and moving lower by the middle band, forcing the lower band to continuously open downward. Daily thinking: focus on shorting from highs!

For those holding the 70500 shorts from last week, you can continue holding and watch the 65000 level support. For those without shorts, patiently await a rebound and let indicators make minor corrections before entering shorts at highs—this will be more prudent. More details won't be elaborated here. Intraday shorting plans are already arranged. The rest is up to time! #Gate13周年全球庆典 $BTC