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March 25 BTC/ETH:
Trump Furious as Tensions Escalate, Can Bitcoin Rally Higher?
Recent market movements have been pulled back and forth by geopolitical tensions. First, Trump made a feint saying he would end the war, and the market quickly rebounded. Immediately after, Iran clarified and the market was pushed back below 7000. Next came consecutive retaliatory strikes from the US, with the market moving confusingly following current events. However, overall the downtrend is holding steady!
BTC
Currently the market is in a high-level consolidation state. Small timeframe MAs show a clear bearish alignment, but trading volume has significantly decreased, forming a volume-price divergence. Primarily ranging-bound trading. On larger timeframes, the pullback is not yet complete. Strategy-wise, focus on short positions on bounces and long shorts. Daily pullback to support at 7030; if this level holds, there's still upside momentum for rallies. If rebounds can break through and stabilize above 7150, a short-term bullish trend forms, then we only need to watch above 7300.
Range-bound around 7030-7070, defend 6950, target 7150, break above to watch 7300-7450
ETH
Range-bound around 2135-2157, defend 2085, target 2203, break above to watch 2256-2298
Short-term trading adjusts flexibly; set stops based on your actual position size!$BTC #加密市场回涨