Market analysis for BTC/ETH on March 20, 2025, at 9:40 AM.

On this night, backed by the Federal Reserve, 2.3 billion CNY was wiped out, with 95,618 people going bankrupt to zero, mainly due to short selling, which is a heartbreaking sight!
Waking up, I was heartbroken to see a pile of liquidations. I didn't realize it until I looked; I was shocked to find out that many people had shorted at 1940/1950/1970 yesterday, all gambling on their luck. Because these people chose to continue making so-called high shorts during the highest market attention before the Federal Reserve interest rate cut a few hours ago, once you get used to operating in a fluctuating range and think of yourself as a chosen trading player, the main force will break the range and hit you hard. But unfortunately, that's human nature! When you think you're invincible, little do you know that you have already become the fish meat on the main force's chopping block!
No one can achieve 100%, but if you don't set a stop-loss, then you would have been part of last night's short squeeze!
BTC attention
Support 83100/80350/78055
The pressure is temporarily set at 87150/89500
ETH attention
Support 1935/1915/1835
Pressure temporarily set at 2095
Yesterday there were two predictions, one predicting that ETH would stabilize at 1915 around noon and directly look at 2010-2030, and another in the evening predicting that if BTC does not dip, it would break and stabilize at 84500 reaching directly to 87150!
At present, both waves have already moved out. For those who missed the initial short at 87150, let's see if there is a second charge before 18:30 today. The evening's double-top short strategy cannot be used. Currently, we are filling the gap from yesterday's sharp rise. Let's observe the strength of the bullish and bearish positions at the key support and resistance levels for BTC/ETH today to determine if ETH can truly stabilize above 2000 and if BTC can truly stabilize above 84500!
In terms of operation, for intraday contracts, shorting is fine with a bottom position to ensure capital preservation, and it's not advisable to gamble without taking profits; if there are no opportunities in the spot market, you can use these contract levels to play the swing, but expectations should be lowered further. For long-term players, don't be overly anxious every day; patiently wait for a monthly level pullback. This is a boon for ultra-short-term trading!
#GT