Night Session: Iran suddenly announced "continued blockade of the Strait of Hormuz," combined with BTC and ETH operating in pressure zones, resulting in wide-range volatility. We need to see through the phenomenon to the essence and not be fooled by illusions.
BTC: The area below 71400 is a short-term pressure platform. The bull target is to break through 71400 and open up space to 74400 above. During the day, a deep pullback occurred above 69000. Therefore, support is set at 69000. If broken, it signals that this round of three bullish attacks will likely fail. Be alert for a potential return to the watershed area of 67150-68300. The bearish approach is to use 71400 as defense and short below this level; if it breaks, honestly exit. Bulls can try to add positions at 69300-69800, with 69000 as stop-loss. (See chart for specifics.)
ETH: 2075-2100 is already a very clear pressure zone that urgently needs to be broken. Currently, the consolidation period is completely sufficient. Bulls have repeatedly attacked upward without success, while bears haven't created downside space either. So bulls here are betting on a breakout to find space above 2100. Bears are holding the line at 2075-2100 resistance, hoping to exhaust bulls through "repeated failures." Therefore, for bearish positions, enter with 2100 as stop-loss. Bulls have no good entry position; suggest waiting for a 2100 breakout before adding positions. Alternatively, add after a subsequent deep pullback. Please refer to my chart annotations for specifics.
Trading Recommendations:
BTC: Short: 70650-71400 pressure zone, pending orders, stop-loss above 71400 Long: 69300-69800 light position dip-buying, 69000 stop-loss. Recommended to add after 71400 breakout
ETH: Short: 2075-2100 shows clear short-term pressure, pending orders, stop-loss above 2100 Long: Bet on breakout, no good dip-buying positions, wait for 2100 breakout to add positions
March 13 Early Morning BTC/ETH US Dollar Strategy
Night Session: Iran suddenly announced "continued blockade of the Strait of Hormuz," combined with BTC and ETH operating in pressure zones, resulting in wide-range volatility. We need to see through the phenomenon to the essence and not be fooled by illusions.
BTC: The area below 71400 is a short-term pressure platform. The bull target is to break through 71400 and open up space to 74400 above. During the day, a deep pullback occurred above 69000. Therefore, support is set at 69000. If broken, it signals that this round of three bullish attacks will likely fail. Be alert for a potential return to the watershed area of 67150-68300. The bearish approach is to use 71400 as defense and short below this level; if it breaks, honestly exit. Bulls can try to add positions at 69300-69800, with 69000 as stop-loss. (See chart for specifics.)
ETH: 2075-2100 is already a very clear pressure zone that urgently needs to be broken. Currently, the consolidation period is completely sufficient. Bulls have repeatedly attacked upward without success, while bears haven't created downside space either. So bulls here are betting on a breakout to find space above 2100. Bears are holding the line at 2075-2100 resistance, hoping to exhaust bulls through "repeated failures." Therefore, for bearish positions, enter with 2100 as stop-loss. Bulls have no good entry position; suggest waiting for a 2100 breakout before adding positions. Alternatively, add after a subsequent deep pullback. Please refer to my chart annotations for specifics.
Trading Recommendations:
BTC:
Short: 70650-71400 pressure zone, pending orders, stop-loss above 71400
Long: 69300-69800 light position dip-buying, 69000 stop-loss. Recommended to add after 71400 breakout
ETH:
Short: 2075-2100 shows clear short-term pressure, pending orders, stop-loss above 2100
Long: Bet on breakout, no good dip-buying positions, wait for 2100 breakout to add positions