#财神每日币圈资讯

March 20

1. Bitcoin Market: Bitcoin has pulled back sharply and is consolidating at lower levels, with a low of $68,750 and currently trading at $70,050; Ethereum hit a low of $2,097 and is currently at $2,144.5

Commentary: As mentioned before, the consolidation range is 69,000-74,000. So the question is, should we be closing short positions and bottom-fishing again?

2. Altcoin Market: With weak Bitcoin performance, altcoins continue to be active. Among major altcoins, SOL is slightly down at $89.3; DOGE dropped 1.3%, hitting a low of $0.0917 and currently at $0.09383; Other altcoins: LYN surged 71.2% to $0.123; UAI jumped 43% to $0.589 - these two altcoins are worth monitoring; DEGO has experienced significant intraday volatility, hitting a low of $0.53 before rebounding sharply to $1.06, now at $0.587; PIPPIN plummeted to $0.0939; RIVER fell 8% to $24.4

3. Adjacent Markets: U.S. stock indices closed lower, with Alibaba down over 7%; Chinese A-shares crashed, breaking below 4,000 points intraday with over 4,000 stocks declining; Precious metals markets tanked, gold plunged 5% to close at $4,651, and silver crashed 6% to $72.81; crude oil dipped slightly 0.9% to $94.59

Commentary: Still maintaining our previous view of bearish bias on gold, silver, and crude oil long-term. But short-term, could we consider bottom-fishing gold and silver?

4. News Updates: The U.S.-Iran conflict has entered its 20th day with intense fighting between both sides; According to a Wall Street Journal report, the U.S. is reinforcing troop deployments to the Middle East and may take control of Iran's key oil export hub; France, UK, Germany, Italy, the Netherlands, and Japan issued a joint statement announcing their readiness to take appropriate measures together to ensure safe navigation through the Strait of Hormuz; Israeli Prime Minister Netanyahu stated on the 19th that Israel will "comply" with President Trump's request to "pause" follow-up airstrikes on energy facilities

Commentary: International oil prices may be heading lower

5. Financial News: European Central Bank holds three key interest rates unchanged, in line with market expectations

6. Crypto News: A major cryptocurrency exchange has reduced headcount by approximately 30% this year following layoffs and stated that AI tools are being deployed to increase productivity

7. Crypto News: The Crypto Markets Structure bill is advancing to Senate hearings next, with negotiations making progress but remaining in a "delicate state."

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