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The daily chart shows four consecutive bearish candles for Bitcoin, but this morning it closed with a bullish candle, and the price has already broken through short-term moving average resistance levels. The bulls continued this morning, with the KDJ three lines slowing down downward, and the MACD momentum beginning to increase. Before a large-scale downturn occurs, the price is very likely to surge again, so the intraday strategy remains to buy on dips. Those holding long positions can move their stop-losses to lock in profits!
3.10 Long Position Strategy
Buy on dips around 66,500-67,000 for Bitcoin, with conservative entries at 65,500-66,000, and a stop-loss near 65,000. Target around 68,000-69,000-69,500. If broken, look for 70,000-71,000 and adjust stop-losses accordingly to lock in profits based on market conditions.
Buy on dips around 1910-1940 for Ethereum, with a stop-loss near 1860. Target around 1980-2000-2030. If broken, look for 2050-2080-2100 and adjust stop-losses accordingly to lock in profits based on market conditions.
3.10 Short Position Strategy
Attempt to short Bitcoin around 71,000-71,500, with a stop-loss near 72,000. Target around 70,000-69,000-68,500. If broken, look for 68,000-67,500-67,000 and adjust stop-losses accordingly to lock in profits.
Attempt to short Ethereum on a rebound around 2060-2090, with a stop-loss near 2130. Target around 2000-1970. If broken, look for 1950-1920 and adjust stop-losses accordingly to lock in profits.
The market has been oscillating for a long time without breaking the range. Although there are signs of bottoming out, the instability of the Middle East conflict makes the bulls weak. Wait until a clear breakout occurs before chasing the move; it’s not too late to enter after a confirmed breakout and stabilization!#国际油价突破100美元 #特朗普称伊朗战事接近尾声 $ETH