March 23 BTC/ETH US Dollar Strategy

The US-Iran peace talks show both sides have rigid conditions that are difficult to reconcile, with significant disagreements on short-term ceasefires remaining. The Asian stock market is experiencing major adjustments, with the Middle East situation still moving global markets. The key is the impact of the Strait of Hormuz, most directly reflected in today's domestic oil price increases. Those of you with gas vehicles should remember to fill up your tanks in advance.

Bitcoin: There has been continuous resistance on the chart, with K-lines showing long lower wicks. The key problem is that resistance alone without repair doesn't allow for upside expansion. The lack of bull confidence is painful, so long traders can wait for a strong bullish candle to stabilize morale before considering entering from the right side. Short entries can be more relaxed—just find resistance levels and enter directly. Whether to look at the bigger picture to trade breakouts is something bears need to consider. Technical level: 67150-69000 is the current consolidation box. Bulls should watch if 69000 can be repaired; after repair, look for the midpoint of the 69000-71400 box. Bears should watch if 67150 will break down to 65800 below.

Ethereum: Digesting the bull resistance of 2038-2075 in a very harsh manner. Why harsh? Because there's only resistance without repair, causing bulls to slowly lose hope. So what bulls need to do is accumulate power to produce a strong bullish candle; a strong recovery of 2075 would confirm the short-term low, and upside can target 2075-2100 space. Bears' objective is to eliminate the support effect of the 2000-2015 round number level below, striving to break through and accelerate. Technical level: continue to watch the 2038-2075 box performance recently. Both bulls and bears can participate, with support and resistance levels visible on the chart. $BTC ‌$ETH ‌