3.23 Bitcoin and Ethereum Morning Analysis

The new week just started and the market has collapsed directly — you could say it's been a bloodbath. Gold plummeted, Nikkei and Korean stocks crashed collectively, Middle East tensions continue to escalate, and market sentiment has completely collapsed.

Currently the daily chart closed negative again, coin price directly broke through the hourly line, four-hour Bollinger lower band, with bears pressing down. Even Ethereum is slightly harder, it's clearly a weakening trend, and rebounds are struggling.

So right now if there's a rebound, short it. Don't rush to bottom fish. In this market, it's licking blood off a knife edge — one step too slow is an opportunity, one step too fast is a trap.

Personal suggestions:
Bitcoin: Enter short @ 68500-69200, targets down to 67000, 66000
Ethereum: Enter short @ 2070-2100, targets down to 1950, 1900
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