March 19 BTC/ETH Early Morning Strategy:

The market is experiencing a super major downtrend. The gains that bulls worked hard to establish couldn't even hold a decent support level before being continuously and precisely liquidated by bears. The news front presents triple bearish headwinds: failed rate cut expectations, the Middle East oil crisis escalating, and repeated inflation data, further exacerbating market panic. On the technical side, price has retraced back to the upper rail of the February consolidation box. If there's no near-term recovery, a major-level downtrend channel will officially open, posing extreme risk.

BTC Side:
Currently testing the 69,000 lower support. In just 3 days, it has broken through two key boxes falling from 74,400 to 71,400 and 69,000. Below, only the 67,150-69,000 zone remains as the final bull resistance area. I've repeatedly warned that if this level is breached, it means this round of rebound is completely over and the market will officially enter a downtrend channel. The night session's key focus is whether we can reclaim the 70,250-71,400 box upper rail—this is the critical signal for whether bulls can stabilize their position.

ETH Side:
Since the 2,380 target was achieved, there has been three consecutive days of cumulative adjustments exceeding 10%, with a decline speed that's shocking. The technical side is already severely oversold. The 2,038-2,075 zone below is an important panic-driven buying area. Barring black swan events, it's hard to imagine a direct break below this level within 3 days. Within the day, 2,200-2,233 has formed a clear major top, while 2,170-2,200 is a chipset-dense trapped zone. Although there was an opportunity to unwind positions this evening, selling pressure was simply too great. The near-term focus is whether the 21xx level can be successfully reclaimed to halt the decline.

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