March 22 Evening BTC/ETH Rice God Strategy

The dispute between Iran and the US regarding the strait continues, with both sides' conditions appearing difficult to accept. Markets are concerned about talks breaking down and renewed conflict. Don't over-worry about news—after all, it's something neither you nor I can control.

BTC: Early session quickly tested the bottom, then attempted to rebound and repair the lower half of the 69000-71400 range. Unfortunately, resistance was too strong, and subsequently bears pushed again, breaking below 69000. The good news is that as of writing, it hasn't deviated much from the early session low. If a double bottom can form, the key to whether this double bottom holds is whether price can stabilize in the 69000-69500 small box. If it can hold here, use double bottom rebound logic to view the 698-708 thousand-point space. The above is the logic and thinking for going long. For shorting, the overall environment is bearish, so entry points can be more flexible—short at resistance on rebounds while keeping good stop losses (see chart for specifics).

ETH: Early session touched the 2038-2075 bullish stronghold and quickly rebounded. Constrained by the 2139 resistance level, it failed to continue and subsequently pulled back into the 2038-2075 zone. Now this is a multi-empty inflection point. If this stronghold breaks down, lower support appears at 2000-2015. During the night session, watch whether there's bullish resistance attempt based on the stronghold, or if it extends to the next support level. The 2038 and 2000 box lower rails are excellent positions with good risk/reward and profit ratios—you can attempt to participate in these two low-long opportunities. Short entries can have slightly looser positioning; without rebounds to high levels, high shorts are difficult to participate in. $BTC ‌$ETH ‌