US Department of Homeland Security Shutdown, US Stocks Down but Crypto Rebounds—Cautious on Chasing Rallies! 3.13 Bitcoin and Ethereum Strategy

The US Department of Homeland Security has been in "shutdown" for nearly a month. On the 12th, a Senate bill to fund the department failed to pass a procedural vote due to Democratic opposition, leaving the department still in "shutdown" status. Although the Iran situation hasn't ended, recent spot ETF market inflows have been continuous, and coin prices clearly haven't been able to move lower recently. Yesterday's short strategy with stop-loss was wiped out, Bitcoin can't break below 70000, Ethereum can't break below 69000—incredibly strong!

Daily Bitcoin shows four consecutive green candles, coin price broke above previous high this morning, Bollinger Band slowly opens, coin price trades below upper rail, KDJ turns upward again forming a golden cross, MACD dual lines continue pointing upward, volume shows slight increase, overall technical outlook is bullish. Although US stocks opened and closed lower yesterday, coin prices didn't follow the decline, mainly driven by spot ETF fund inflows boosting market sentiment. As long as the Iran situation continues, pullbacks are highly likely to resume, so don't get overly bullish!

3.13 Short Strategy

Bitcoin current price 71500-72000 for shorts, conservative entry at 72500-73000, stop loss around 74000, target 70000-69000-68500 area, break below then 68000-67500-67000 area, further breaks move stop loss to secure profits accordingly!

Ethereum current price 2130-2170 for shorts, conservative entry around 2200, stop loss around 2250, target 2070-2030 area, break below then 2000-1950-1920 area, further breaks move stop loss to secure profits accordingly!

3.13 Long Strategy

Bitcoin pullback to 66000-66500 for long attempts, stop loss around 65000, target 67500-68000-69000 area, break above then 70000-70500-71000 area, further breaks move stop loss to secure profits accordingly!

Ethereum 1900-1930 for longs, stop loss around 1870, target 1980-2000 area, break above then 2060-2050-2080 area, further breaks move stop loss to secure profits accordingly!

US stocks decline while crypto prices move the opposite direction. Conan believes this is 🐶 whale's rhythm of pushing prices higher before dumping, everyone be cautious about chasing rallies! #Gate2月衍生品市场份额创新高