March 19 BTC/ETH Rice God Strategy



Super major downtrend - the gains that bulls worked so hard to achieve have no consolidation floor, and have been continuously targeted and liquidated by bears. News fundamentals are deteriorating again: no rate cuts + Middle East oil crisis + inflation. Technically, price is retesting the upper rail of the February box. If we can't reclaim this territory in the short term, falling back into the major downtrend channel would be extremely dangerous.

BTC: Testing the 69000 support level. Over 3 days, we've already broken through two major boxes from 74400-71400-69000. Below this, there's one last bull resistance zone at 67150-69000. Breaking through here signals entry into the downtrend channel, ending this rally completely. Tonight, watch if we can retest the 70250-71400 box upper rail.

ETH: Since completing the 2380 target, we've had three consecutive days of cumulative pullbacks exceeding 10% - an extremely frightening magnitude with severe technical oversold conditions. If panic brings us down to 2038-2075 tonight, consider catching the dip. Aside from black swan events, it's hard to imagine a possibility of breaking these levels in 3 days. Intraday 2200-2233 has already formed a major top. 2170-2200 is also an area of concentrated trapped positions. Evening provided a relief opportunity, but selling pressure was too intense. Near-term focus is on whether 2140 can hold as a stop-loss floor.
BTC-0,93%
ETH-1,72%
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CryptoSpectovip
· 4h ago
LFG 🔥
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CryptoSpectovip
· 4h ago
To The Moon 🌕
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