$BTC 3/23 Monday Bitcoin Ethereum Market Analysis

During the weekend, Bitcoin successfully broke through the lower bound of the triangular convergence range, disrupting the oscillation balance and opening an accelerated downward channel. Yesterday, it was clearly indicated in the market with a reference entry zone of "69000-69500", and subsequently, the price broke down as expected, reaching the first target of 68000 precisely, validating the foresight and execution of the strategy. Currently, the price is steadily advancing towards the second target of 66400, and the trend momentum has not yet weakened. Ethereum followed suit, indicating to short in the 2090-2120 range, with the second target of 2040 realized.

From a structural perspective, this decline is not the endpoint, but a continuation segment of the trend. A true reversal signal requires waiting for the occurrence of "double bottom + pullback confirming support"—currently, an effective support area has not formed, and the rebound is weak, low volume, and brief, typical of a bearish correction pattern. The trading strategy for the day is clear: a rebound is an opportunity to short, do not chase declines, do not bottom fish, and going with the trend is the way to go.

Bitcoin (BTC): short near 68200, targeting around 66400

Ethereum (ETH): short near 2050, targeting around 2000 #黄金创43年来最大单周跌幅