$ETH 3/23 Monday Bitcoin and Ethereum Market Analysis

During the weekend, Bitcoin successfully broke through the lower edge of the triangular convergence zone, disrupting the oscillation balance and opening an accelerated downward channel. Yesterday, we clearly indicated a reference entry zone of "69000-69500" during the session, and subsequently, the price broke down as expected, with the first target of 68000 accurately reached, 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 diminished. Ethereum followed suit, indicating a short position 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 real reversal signal requires waiting for the "double bottom + retest confirmation of support" to appear—currently, no effective support zone has formed, and the rebound is weak, shrinking, and short-lived, which is a typical bearish corrective pattern. The trading strategy for the day is clear: a rebound presents a short opportunity, do not chase the decline, do not try to catch the bottom, and going with the trend is the way to go.

Bitcoin (BTC): Short near 68200, watch near 66400

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