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March 19 BTC/ETH Rice God Strategy
Super major downtrend, the gains that bulls worked hard to establish have no consolidation platform, and are continuously targeted by bears. The news is deteriorating again: no rate cuts + Middle East oil crisis + inflation. Technically, price is retesting the upper rail of the February box. If short-term cannot reclaim position, then the larger timeframe falling into a downtrend channel would be extremely dangerous.
BTC: Testing the 69000 lower support, 3-day has already broken through two major boxes from 74400-71400-69000, below which there is one last bull resistance zone at 67150-69000. Breaking through here signals entering the downtrend channel. This rebound completely ends. Night session to see if we can return to the upper rail of the 70250-71400 box.
ETH: Since the 2380 target was completed, three consecutive days of accumulated correction exceeded 10%, this magnitude is extremely frightening, technically severely oversold. The 2038-2075 zone below - if panic comes to this level during the night session, consider catching the bounce, aside from black swan events, cannot think of the possibility of breaking this level in 3 days directly. Daily 2200-2233 has already formed a major top. 2170-2200 is also a dense chip lock-up zone, evening provided profit-taking opportunity, unfortunately selling pressure is too large. Near-term focus on whether 2140 can reclaim the stop-loss level. $BTC $ETH