March 27 BTC/ETH:

The main force behind the strengthening of U.S. Treasury yields is once again selling pressure. Is Bitcoin hanging by a thread?

Recent geopolitical conflicts continue to entangle, with U.S. and Japanese bond yields rising steadily. The 10-year U.S. Treasury yield has hit an 8-month high, while Japanese bond yields reached a 30-year peak. The underlying logic is the uncertainty of war, with high interest rates increasing the cost of holding Bitcoin. Capital is flowing back into government bonds, suppressing similar assets like Bitcoin and gold. The Federal Reserve's focus has shifted from rate cuts to considering rate hikes!

BTC
The four-hour MA indicator shows a clear head-and-shoulders pattern and has formed a death cross. Overall trading volume and liquidity are low, with the market in a sideways consolidation. RSI is in oversold territory, indicating a small rebound demand. During the day, watch for resistance at 6950. A volume breakout above this level could target 7080-7200 on the upside. Conversely, failure to break through indicates insufficient buying pressure, and the price may continue to decline, breaking the previous low at 6810. Conservative traders should wait near 6500.

Range around 6940-6980, with support at 7080. If broken, look down to 6810, then 6730-6550.

ETH
Range around 2083-2004, with support at 2138. Target at 2033; if broken, look down to 1986-1942.

Short-term trading is flexible and depends on your actual position! $BTC #加密市场回调