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Conscience-Stricken Resignation, Bulls Blocked, Shorts Profit! 3.18 BTC and ETH Trading Strategy
The head of the U.S. Counterterrorism Center, Joe Kent, announced his resignation on Tuesday, effective immediately. He stated that he "cannot in good conscience support the ongoing Iran war," reasoning that Iran does not pose a direct threat and that "it is evident this war was provoked by us under pressure from Israel and its powerful American lobbying groups." Yesterday's continued short-selling strategy aligned with expectations. For conservative entry points, Bitcoin can capture nearly three thousand points, and Ethereum can capture several dozen points. I must say Ethereum is really resilient!
After eight consecutive daily closes up, Bitcoin closed with a bearish candle featuring a long upper wick. The KDJ on the attached indicators has three lines turning downward at the same level, and MACD momentum is also contracting. Therefore, intraday bounces can continue to set up short positions! Tonight, focus on PPI data.
3.18 Short-Selling Strategy
BTC bounce 74500-75000 short, conservative entry at 75500-76000, stop loss around 76500, targets around 73500-73000, break lower at 72500-72000, continue managing stops to protect profits based on conditions!
ETH bounce 2350-2380 short, conservative entry around 2430-2450, stop loss around 2480, targets around 2300-2270-2250, break lower at 2230-2200-2170, continue managing stops to protect profits based on conditions!
3.18 Long Strategy
BTC retracement 71000-71500 long one position, stop loss at 70000, targets around 72500-73000-73500, break higher at 74000-74500-74800, continue managing stops to protect profits based on conditions!
ETH retracement 2100-2140 long one position, stop loss around 2070, targets around 2200-2230-2250, break higher at 2270-2300-2350-2380, continue managing stops to protect profits based on conditions!
Bitcoin is falling while Ethereum remains strong, clearly showing 🐶 whales have large capital entering as a bet. When it can't go up, capital will naturally flow out, so no need to worry for now. For those without shorts, continue setting up on bounces! #比特币站上7.5万美元