3.23 BTC/ETH Market Analysis:

Geopolitical Impact - Gold plummeted at Monday's opening. As the saying goes, "when cannons roar, gold is worth its weight in silver." This time crude oil prices soared while gold declined all the way, and Bitcoin also fell continuously. Last Friday we gave everyone 70,500 BTC and 2,160 ETH shorts, taking profits at 68,000 and 65,000 - you all made money, right? If you missed it, no worries, there's always opportunity daily. As long as the direction is correct, you'll get on board eventually and make gains!

Bitcoin Weekly K - A large bearish inverted hammer candle ended the previous two consecutive bull days. Price broke below the 68,000 level, all three Bollinger Band rails opened downward, the lower band formed an opening downtrend creating space. MACD bearish momentum continues expanding. Daily K level - after rallying to 76,000 resistance, price pulled back and broke below the mid-band support. Bollinger Band lower rail opened downward creating downside space. KDJ and RSI formed death cross at high overbought levels, continuously moving lower. MACD bearish volume continues expanding.

Short-term 4-hour level - price continuously moves low along the Bollinger Band lower rail with repeated probing. KDJ and RSI at low oversold levels show signs of turning upward. Indicators need minor corrective rebound - don't be too aggressive chasing shorts. MACD bearish volume continues expanding. Hourly chart shows all three Bollinger Band rails opened downward. Price continues suppressed by the mid-band moving lower, forcing the lower band to continuously open downward. Intraday bias: focus on shorting!

If holding last week's 70,500 shorts, you can continue holding and watch the 65,000 support level. Without shorts, patiently wait for a rebound to let indicators make minor corrections before entering shorts again - more stable. Won't elaborate further here, intraday shorting plan already deployed, the rest we leave to time! #Gate13周年全球庆典 $BTC