3.19 Bitcoin and Ethereum Morning Thoughts

Last night's move saw Bitcoin go into full "waterfall washout" mode. Two 5-hour candles completely wiped out the gains from the previous two days, leaving the bulls stunned and market sentiment instantly cooling down.

At 2:30 AM, the Fed held rates steady. The moment the news dropped, the market became even more conflicted—should we continue drilling down and break through 70k, or use the policy expectations to stage a fierce counterattack? Right now is the critical juncture.

On the 4-hour level, we've already touched the Bollinger lower band. There's support below, so it's not a free-fall collapse. The momentum from the previous four consecutive down candles has already broken. After probing the bottom, we immediately saw a yang candle, indicating that there's capital stepping in at the lows. So yes, the bears did sell, but they didn't break through. The bulls aren't dead yet. What happens next—either a violent reversal or another harsh probe down—we'll know the direction very soon.

Personal Suggestions:
Bitcoin: Long on dips to 70k-70,800, target 72,000, breakout target 74,000!
Ethereum: Long on dips to 2,150-2,180, target 2,250, breakout target 2,300!
$BTC $GT #Gate13周年全球庆典 #Grayscale质押1.92万枚ETH