Bitcoin and Ethereum Latest Market Analysis and Follow-up Trading Recommendations: 3/23

Based on current market conditions, short-term pullbacks will not significantly alter the overall trend. In the short term, we are in a consolidation phase before a decline. Looking at the larger cycle structure, a perfect arc-bottom formation has formed on the weekly level. Current prices are showing a slow recovery uptrend, with each rally followed by minor technical corrections. This rhythm provides us with excellent entry opportunities—actively placing long orders during each pullback. Pullbacks not only consolidate previous gains but also accumulate strength for subsequent rallies. Notably, the momentum of rebounds is gradually surpassing the strength of declines, indicating an overall strengthening market. In this environment, the smaller the pullback magnitude, the greater the space and potential for subsequent upward movement.

Our long strategy positions entered yesterday are now gradually filling in. Bitcoin and Ethereum have already entered around 68,000 and 2,050 respectively, and are currently gaining momentum.

Follow-up Trading Recommendations:
Bitcoin around 68,000 - enter long at current market price, targeting 69,000-69,500 nearby
Ethereum around 2,050 - enter long at current market price, targeting 2,120-2,150 nearby#加密行情震荡 #黄金创43年来最大单周跌幅 #特朗普向伊朗发出48小时最后通牒