Iran Will Never Back Down, Trump Speaks Out Again: The US Will Become a Cryptocurrency Superpower! 3.28 Bitcoin Bullish Strategy

A senior Iranian security official warned that if the US launches ground operations in the Middle East, Iran will respond with proportional actions. The official stated that once the US enters a ground combat phase, Iran will have the authority to retaliate against threats with equivalent measures. He also emphasized that any military action by "enemy" forces in the Strait of Hormuz could lead to the complete closure of the strait, with no time limit. Yesterday, with the escalation of US-Iran tensions, the market price declined all day. Although technicals showed a bottoming pattern, the rebound was weak, and Bitcoin nearly dropped below 65,000. Currently, I’m taking a small profit from the bottoming buy-in. Patience is key—let’s see how the peace talks unfold!

US stocks also opened lower and declined further after the escalation, with overall weakness suppressing the crypto rebound. The daily chart continued to close lower this morning, breaking below the lower band, then quickly rebounded. The closing was still bearish with a lower shadow. Additionally, Trump stated in future investment initiatives that the US will become the undisputed superpower in the global Bitcoin and cryptocurrency sectors. So, over the weekend, it might be worth trying to buy the dip at low levels and look for a rebound, with short positions near resistance levels!

3.28 Long Strategy:

Bitcoin retraced to 65,000-65,500 for a long position, with a stop around 64,000. Target levels are 66,500-67,000-67,500-68,000. Move stop-loss to break-even or better if broken!

Ethereum retraced to 1,950-1,980 for a long, with a stop around 1,930. Target levels are 2,030-2,070. Move stop-loss to break-even or better if broken!

3.28 Short Strategy:

Bitcoin rebounded to 68,500-69,000, then short. Conservative traders can enter at 69,500-70,000, with a stop around 70,500. Target levels are 67,500-67,000-66,500. If broken, move stop-loss to 66,000-65,500-65,000.

Ethereum rebounded to 2,070-2,100, then short. Conservative traders can enter at 2,130-2,150, with a stop around 2,180. Target levels are 2,000-1,970. If broken, move stop-loss to 1,950-1,920-1,900.

The overall trend remains bearish, with uncertainties mainly from Middle East conflicts and the Federal Reserve. Instability in the conflict could also severely impact the US economy. Therefore, the Federal Reserve might intervene to stabilize the market. Stay tuned! #成长值抽奖赢金条