Middle East tensions resurge, can the strait remain open. Political actions surrounding the Strait of Hormuz continue. Technical rebound back to last week's launch area, can the bulls hold the base camp, let's review today's strategy together.
BTC: Yesterday's strategy highlighted the bull pressure zone at 70960-71400, where the old saying "sideways must fall" was confirmed here, meaning lack of sideways consolidation correction signals weakness. Early session directly plummeted due to events, touching the key watershed box's upper half at 67150-69000 below with direct signals. So the near-term intraday support at 68300-69000, if it can stop the decline it forms a double bottom signal with the March 19 night session low. The signal's effectiveness hinges on today's intraday recovery, if it can return to the median axis 698-706 of 69000-71400, then we look for double bottom recovery next. If we continue to break and find 67150, we need to be more pessimistic and cautious.
ETH: Still the old friends 2038-2075 performing well, 米神 captured the first wave of rebound value here, yesterday's tweet also suggested if small probability events occur you can boldly catch bulls in this zone, this is a critical zone throughout the second coin from February to now, it will definitely have resistance. Currently testing the pressure box at 2100-2139. Below remains the support box at 2038-2075. Operationally, longs have positions everywhere and can trade, refer to my point map. $ETH $BTC
March 22 BTC/ETH米神 Strategy
Middle East tensions resurge, can the strait remain open. Political actions surrounding the Strait of Hormuz continue. Technical rebound back to last week's launch area, can the bulls hold the base camp, let's review today's strategy together.
BTC: Yesterday's strategy highlighted the bull pressure zone at 70960-71400, where the old saying "sideways must fall" was confirmed here, meaning lack of sideways consolidation correction signals weakness. Early session directly plummeted due to events, touching the key watershed box's upper half at 67150-69000 below with direct signals. So the near-term intraday support at 68300-69000, if it can stop the decline it forms a double bottom signal with the March 19 night session low. The signal's effectiveness hinges on today's intraday recovery, if it can return to the median axis 698-706 of 69000-71400, then we look for double bottom recovery next. If we continue to break and find 67150, we need to be more pessimistic and cautious.
ETH: Still the old friends 2038-2075 performing well, 米神 captured the first wave of rebound value here, yesterday's tweet also suggested if small probability events occur you can boldly catch bulls in this zone, this is a critical zone throughout the second coin from February to now, it will definitely have resistance. Currently testing the pressure box at 2100-2139. Below remains the support box at 2038-2075. Operationally, longs have positions everywhere and can trade, refer to my point map. $ETH $BTC