3.23 Bitcoin Evening Update

Bitcoin has effectively broken through 71500, with the high reaching 71777. Previous analysis strategy is now invalid.

The geopolitical conflict between the US and Iran has significantly eased. Trump officially announced dialogue progress, and military operations have been delayed by 5 days. Global risk-off sentiment is cooling rapidly, and the market is repricing back to fundamentals. Risk assets are facing short-term pressure.

The price has broken through key levels, and the trend may be changing. Pay attention to risk management and mitigation. It is recommended to observe more and act less!

Operation suggestions:
Entry zone: 72000–72500, build short positions in batches
Target zone: 69000–69500
Risk control: Set stop losses based on personal position size. Strictly control position sizing and avoid heavy position gambling.

The US-Iran dialogue still has the possibility of reversals. Close attention must be paid to subsequent news developments. If the situation escalates again, strategies need to be adjusted promptly.

Evening volatility is expected to expand. Be sure to set stop losses and operate with light positions to avoid emotionally-driven chasing orders.#特朗普向伊朗发出48小时最后通牒 $BTC $ETH