# Downtrend Blocked, Trade Cautiously on Bounces; Major Downtrend Reversed, Re-enter on Rebounds! 3.20 BTC and ETH Strategy

**Initial jobless claims showed modest support, but Powell's remarks had outsized impact, US stocks opened and closed lower, crypto prices followed suit, only bouncing at early morning lows. Yesterday ETH was too strong, waited for a dip to 2,100 before attempting a long, BTC entry at 69,000, currently up a bit!**

**Daily three consecutive red candles, price closed near midband, this morning's close had a long lower wick indicating downside rejection. Chart shows KDJ three-line death cross diverging downward, MACD volume continues to shrink, overall trend remains bearish. Therefore, intraday operations suggest shorting bounces as primary strategy, small longs as secondary!**

## 3.20 Short Strategy

**BTC:** Bounce shorts at 72,700-73,000, conservative entry 73,500-74,000, stop loss near 74,600, targets around 71,500-71,000, break below targets 70,500-70,000, move stop losses to protect profits accordingly!

**ETH:** Bounce shorts at 2,230-2,260, conservative entry 2,300-2,330, stop loss near 2,360, targets around 2,200-2,170-2,150, break below targets 2,100-2,070, move stop losses to protect profits accordingly!

## 3.20 Long Strategy

**BTC:** Pullback longs at 68,500-69,000, stop loss near 68,000, targets around 70,000-70,500-71,000, break above targets 71,500-72,000-72,500, move stop losses to protect profits accordingly!

**ETH:** Pullback longs at 2,070-2,100, stop loss near 2,040, targets around 2,140-2,170-2,200, break above targets 2,230-2,260, move stop losses to protect profits accordingly!

**Bassent revealed that approximately 1.3-1.4 billion barrels of sanctioned Iranian crude oil currently exist at sea. The US may lift sanctions on these "floating oil" within days, allowing it to enter the market to suppress surging oil prices. Multiple countries have also explicitly stated they will escort ships passing through the Strait of Hormuz! #美联储维持利率不变 **