March 20 BTC/ETH:

Bitcoin Rebounds Slightly After Sharp Decline, How to Navigate Black Friday?

Following the Federal Reserve meeting's decision to hold rates as expected, major players withdrew, causing bitcoin to crash across the board. Meanwhile, gold, which shares the same risk-off characteristics, also rebounded simultaneously. The logic behind this is actually a signal of risk appetite flowing back—major players are repositioning. Historically, gold represents stability while bitcoin offers better elasticity and is more sensitive to market movements.

BTC
Under current market conditions, the decline has rebounded at the daily midline. Small timeframe moving averages show a clear bullish alignment, however the weak rebound with low trading volume presents a divergence between price and volume. Pay attention to the daily support at 7000; if broken on retest, prices could drop a second time to 6550. Keep light positions on small timeframes here and watch. Daily rebound resistance at 7160; if the 4-hour candle closes above this level, the market will have enough momentum for a secondary rally.

Consolidating around the 7150-7200 range, defend 7280, target 7020; if broken, watch 6870-6730-6550.

ETH
Consolidating around the 2162-2187 range, defend 2235, target 2103; if broken, watch 2065-2003.

Short-term trading adapts flexibly to changes; defense levels should be determined based on your actual position size!$BTC #加密行情震荡 $ETH ‌ ‌