March 30th BTC/ETH:

On Monday morning, Bitcoin experienced a V-shaped rebound after a decline, with the upward channel potentially opening?

The classic long and short showdown played out in the early session, first retracing and breaking below 6500, liquidating 2.1 billion in stop-losses, then rallying up to 6700, liquidating nearly 1 billion. The market sentiment from the big players looks somewhat grim. From a macro perspective, the focus remains on the geopolitical tensions in the Strait of Hormuz. Crude oil remains under pressure, and safe-haven assets are unlikely to collapse. Next, we wait for the 8:30 PM speech by Powell!

BTC
From the chart structure, the price retraced to the daily bottom and rebounded, filling the weekly gap. The smaller MACD pattern shows buying interest entering, but the trading volume isn’t large, and the upward momentum isn’t sustained. It’s likely to continue consolidating sideways. During the day, watch for support at 6680; only a break below this level would signal the end of the upward pattern. Short-term attention should be on this level. As long as the daily resistance at 7000 isn’t stabilized, the larger-term upward trend remains unchanged!

Around the 6760-6800 range, consider adding positions at 6900, with targets at 6680 and below, looking toward 6550-6410 if broken.

ETH
Around the 2058-2078 range, with support at 2126, targets at 2024, and below that, 1967-1910.

Short-term trading should be flexible and adapt based on your own position and risk management! $BTC #国际油价走高