3.24 Bitcoin and Ethereum Morning Thoughts

Yesterday's rally was essentially emotion-driven by news stimulus. A single bullish call from a prominent figure triggered a sudden influx of capital. However, this type of movement comes quickly and leaves just as fast, making it difficult to develop into a sustained trend. After the spike, it will likely consolidate with repeated oscillations.

From a technical perspective, this rebound ≠ reversal. While the four-hour chart shows strong upward movement, there's clear suppression from consecutive upper wicks above. Price hasn't been able to hold above the Bollinger upper band, and the overall Bollinger band structure remains opening downward, meaning the bearish structure hasn't been broken.

Operationally, I still recommend favoring shorting, treating any rebounds as opportunities to go short. Watch closely for pressure on key resistance levels.

Personal Recommendations:
Bitcoin: Enter short at 71000-71500, target lower at 70k, below that watch 69000, wave target at 65000!
Ethereum: Enter short at 2150-2180, target lower at 2080, below that watch 2050, wave target at 1900!
$GT $BTC #中东局势引发全球市场暴跌