Saturday Market Overview (3.14)

Core Conclusion: The 74,000 double top resistance is clearly suppressing the price. There is a wide-range oscillation between 69,000 and 74,000. The 70,000 level is the critical threshold for bulls and bears.

Reason for Last Night's Drop:
The increase of U.S. military troops in the Middle East and escalated airstrikes triggered a global panic sentiment. Gold, cryptocurrencies, and U.S. stocks declined simultaneously. Approximately 100,000 traders were liquidated, with $373 million in funds evaporating. Expectations of Fed rate cuts have cooled, and tightening liquidity expectations are suppressing risk assets.

BTC Technical Analysis:
The price was rejected twice at 74,000 and pulled back, confirming a double top pattern. There is daily bearish divergence, indicating significant adjustment pressure. The daily uptrend channel remains intact. The range of 69,000–70,000 provides strong support. Currently, the price is oscillating between 70,000 and 72,600, with 72,200 as the short-term target.

BTC Trading Strategy:
Enter long positions in the 70,100–70,600 range, aiming to take profit near 72,200, with a stop loss below 70,000. If the support is broken, switch to short positions. If 72,200 cannot be broken, reverse to short and target 69,000.

ETH Synchronized Strategy:
Enter long positions in the 2,075–2,090 range, aiming for 2,150, with a stop loss below 2,050. If 2,180 is not broken, reverse to short positions.