3.23 BTC/ETH Market View:

Affected by geopolitical tensions, gold plummeted right at Monday's opening. As the saying goes, "when the cannons roar, gold is worth its weight," but this time crude oil prices surged while gold fell continuously. Bitcoin also kept declining. Last Friday, we publicly provided everyone with shorts at 70,500 for Bitcoin and 2,160 for Ethereum, guiding you to take profits at 68,000 and 65,000. You all made gains, right? For those who missed it, no worries—the market offers opportunities daily. As long as the direction is correct, you'll board the train sooner or later and make profits!

Bitcoin's weekly K-line closed a hammer-shaped large bearish candle, ending the previous two consecutive bullish candles. Price broke below the 68,000 level. All three Bollinger Band tracks are opening downward and moving lower. After the lower track moved downward and opened the spacing lower, MACD bearish momentum continues with volume expansion. On the daily K-level, price encountered resistance after rallying to 76,000 and pulled back. Breaking below the middle track support all the way, the lower Bollinger Band track opens downward and moves lower, creating space for further downside. KDJ and RSI, after forming overbought conditions at high levels, created a death cross moving lower, with MACD bearish volume continuing to expand.

On the 4-hour short-term level, price continues moving lower along the lower Bollinger Band track, constantly probing with false breaks. KDJ and RSI are oversold at low levels with signs of turning upward. Indicators have a need for minor pullback corrections—don't be too aggressive pursuing shorts. MACD bearish volume continues expanding. On the hourly chart, all three Bollinger Band tracks open downward and move lower. Price is continuously suppressed by the middle track moving lower, forcing the lower track to open downward and move lower. Today's strategy is primarily shorting from highs!

For those holding the 70,500 shorts from last week, you can continue holding and watch the 65,000 support level. For those without shorts, patiently wait for a pullback, let the indicators undergo minor corrections, then re-enter with short positions at higher levels, which will be more prudent. For more detailed analysis, I won't elaborate here. The daily shorting plan has already been arranged. Leave the rest to time! #Gate13周年全球庆典 $BTC