Thursday morning on 3.12, BTC/ETH Silk Share

The current market indicates a clear signal of weak oscillation. After falling from the previous high of 71,777, the rebound highs are gradually decreasing, clearly under pressure from the MA7 and the upper band of the Bollinger Bands. The moving average system is leveling off, indicating that the short-term bullish momentum is waning, and the focus is shifting downward.
On the macro level, the ongoing conflict between the US and Iran continues to disrupt the market. Geopolitical risks are intensifying, boosting market risk aversion and leading to increasingly fierce battles between bulls and bears. Notably, selling pressure at high levels continues to accumulate, while rebound strength remains weak. Until a clear breakthrough of key resistance levels occurs, the short-term outlook remains for resistance and consolidation.

Operational suggestions:
Bitcoin rebounds in the 70,500-71,200 range, consider shorting, target 68,000
Ethereum rebounds in the 2,070-2,090 range, consider shorting, target 1,930
$BTC $ETH $SOL #伊朗在霍尔木兹海峡布设水雷 #原油价格回落