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#BitcoinBoomsAbove$75K Impacted by the Fed's hawkish decision, cryptocurrency prices have fallen significantly from their highs. After experiencing a two-day rally, the market was already in a wait-and-see state. With negative news emerging, panic sentiment spread rapidly, bullish confidence was severely dampened, and buying pressure proved insufficient. The previously solid medium-term uptrend structure has been compromised, with the market shifting to a correction trend dominated by bears. Core viewpoint: Clear, the 73000 level will serve as strong resistance in the short term, with rebounds unlikely to overcome it; downside support weakens progressively, with focus on the 70000 round number level and the 68300 previous platform support. If these two positions are effectively broken through, the downside space will be completely opened. Current market sentiment is cautious; avoid blind spot buying or short-term bounce speculation, as this risks being trapped against the trend. Short-term operation suggestions: If price rebounds to the upper resistance zone, consider light positioning for short trades, strictly control position size, maintain prudent observation as the main approach, and respond rationally to market changes.
3.19 Bitcoin Operation Strategy:
1. Short at 72800-72000 zone, stop loss above 73300, targets 71000-70200, if breaks below 70000 monitor around 69500.
2. Light long at 70000-70700 zone, reserve makeup space around 69300, stop loss 800 points, targets 71500-72200. #BTC #ETH