3.24 Bitcoin and Ethereum Morning Analysis

Yesterday's rally was essentially emotion-driven by news stimulation. Yellow-haired shouted positive catalysts, funds rushed in all at once, but this kind of market moves fast and leaves fast, making it difficult to form a sustained trend. After the surge, it will likely experience repeated consolidation.

From a technical perspective, this rebound ≠ reversal. Although the 4-hour timeframe showed a strong pull-up, there's obvious resistance from consecutive upper wicks above, and price never managed to break above the Bollinger upper band. Meanwhile, the Bollinger Bands are still opening downward overall, and the bearish structure hasn't been destroyed.

Operationally, Xiao Zhuge still recommends shorting at highs as the main strategy. Rebounds present shorting opportunities, keep close watch on key resistance levels and how they hold up.

Personal Suggestions:
Bitcoin: Enter short around 71000-71500, target down at 70k, if breaks lower watch 69000, swing target 65000!
Ethereum: Enter short around 2150-2180, target down at 2080, if breaks lower watch 2050, swing target 1900!
$GT $BTC #中东局势引发全球市场暴跌