Friday 🗓️ "March 20"

The market is currently in a technical correction phase under macroeconomic bearish pressure, with a clear downward trend.

Yesterday, we advised paying attention to the US stock market opening, with short-term focus on BTC support at 69,000. Bitcoin once broke below the lowest point, touching 68,700. We highlighted Ethereum's support at 2,150; if broken, watch the 2,000 level. In the evening, it bottomed out at 2,098. Those following the analysis have all secured steady profits...

The 4-hour K-line of Bitcoin shows a weak pattern of decreasing highs and decreasing lows, with the Bollinger Bands below the midline, the channel trending downward, and moving averages diverging bearishly. Ethereum moves in tandem with Bitcoin, facing significant resistance above, with the market dominated by bears, but approaching a critical support zone below...

Trading strategies should focus on shorting rallies. Do not blindly chase shorts before key support is effectively broken. Be patient and wait for entry opportunities after rally momentum weakens. For Bitcoin, pay attention to resistance at 71,500–72,000; for Ethereum, focus on 2,220–2,250.

Ziqing's live trading recommendations:
BTC $BTC Bitcoin – short on rallies
Buy at 70,600–71,000, target 69,000–69,500
$ETH

ETH ( Ethereum – short on rallies
Buy at 2,170, target 2,060–2,100
)

⚠️ Special Reminder:
Given the obvious bearish trend, the main strategy is to short on rallies. "Watch more, act less, trade lightly." Adjust strategies promptly based on real-time information. Specific price levels are subject to Ziqing's live trading updates.