3.21 Bitcoin and Ethereum Intraday Strategy

Little Zhuge already explained it clearly yesterday - if 69,000 and 2,100 don't break, the phase low basically holds.

US stocks have continued to weaken these past two days, but overall pressure on crypto is limited, with strong resilience already showing. Instead, the market is filled with bearish sentiment, and this kind of unanimous expectation is often not a good signal.

Here Little Zhuge needs to emphasize one point: I still lean bearish on the major trend, but the small-level structure has already turned bullish. The current market movement is not a trend reversal selloff, but rather a technical correction phase after the decline.

From the 4-hour perspective, price is exactly retesting the trend line support around 69,000, validating multiple times without breaking it, indicating sufficient support below and a foundation for short-term rebound.

If the rebound continues, I think price will likely test the 74,000 zone above. However, note that this level was previously the starting point of volume-accelerated selloff, with obvious selling pressure and liquidity gaps above, making it difficult to hold effectively.

Therefore, in terms of rhythm, I'm more inclined toward: rebound first, test resistance, false breakout, then decline again. This is not a position to short, but rather a trading zone within the rebound.

Personal Suggestions
Bitcoin: Enter long at 70k-69,500, targets at 71,500, 72,000, breakout watch 74,000
Ethereum: Enter long at 2,130-2,100, targets at 2,180, 2,200, breakout watch 2,280
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