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Monday, the shorts absolutely crushed it, and the market opened lower as expected.
This rhythm is spot on. In yesterday's article, I mentioned that Bitcoin would open lower on Monday. The shorts pushed the price down to a low of 67,300, exactly as we predicted. Since the Federal Reserve announced on 3.19 that they would not cut rates, precious metals, US stocks, European stocks, and the crypto market have all declined across the board, with over 200,000 people liquidated across the network.
Looking at the current situation, we're seeing consecutive down days on the daily chart, but it's worth noting that the K-line has reached the bottom of the Bollinger Bands. If the strong support level at 65,000 cannot be effectively broken through, there are signs of a short-term bounce to fill the gap. For now, we continue to follow the trend and go short, adjusting our strategy based on strength when we reach the support level.
Bitcoin: Short in the 68,300-68,800 zone, target 65,000. Enter with light positions and reserve room to add to positions.
Ethereum: Short in the 2,065-2,095 zone, target 1,930. Enter with light positions and reserve room to add to positions.
As we approach the critical moment ahead, we'll proceed carefully, step by step. In the final week of March, we must close this battle perfectly. Follow me and stay at the forefront of the profits.