3.28BTC/ETH Market Outlook:



The market has fallen into oscillation again. The blond-haired one called for negotiations, Iran immediately came out to deny it, it's like a game of house, nobody knows what's true or false, and the market seems to have entered a wait-and-see mode as well. I publicly gave shorts at 70000 and 2140 last night, with a minimum pullback to 68900 and 2102 level. Short-term can also lick a small bite, the market keeps testing back and forth, repeatedly oscillating, operationally can't hold the pattern, can only reduce positions with profits, then convert to breakeven loss.

Bitcoin has stopped falling from 59800, and an uptrend line has formed below. The pullback lows currently haven't broken through the trend line, so bears shouldn't be overly optimistic. Shorts can only be done at highs; short positions at middle levels can only be closed when profitable, lick and run.

The 4-hour Bollinger Band mid-band and upper band are both expanding upward, KDJ and RSI are turning upward. After getting support at the mid-band last night, it stopped falling and rebounded. The daily K Bollinger Band three tracks are moving flat and narrowing, shorting shouldn't be entered too early, don't underestimate the demand and strength of rebounds.

For evening operations, if you want to short at highs, you need to pay attention to resistance at 72500 and 74000. After hitting resistance at highs, shorts can enter on trend. If you want to long at lows, then you need to wait for pullbacks. If the 69000 support doesn't break during pullbacks, you can go long progressively during the rebound process. For these middle positions, it's not too good to participate in operations!

Regarding Ethereum, if you want to short at highs, you need to watch the daily K upper band resistance at 2300 and the previous high around 2385. Only after hitting resistance at these highs can you enter shorts on trend. If you want to long at lows, you need to watch the 4-hour mid-band support at 2100 during pullbacks. If it doesn't break here during pullbacks, you can try entering long positions. #Gate正式接入Polymarket $BTC
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