Israeli Prime Minister Drinks Coffee to Debunk "Death Rumors," Coin Price Surges Again – Trade Cautiously! 3.16 Bitcoin and Ethereum Strategy

As Iranian official media spread rumors of Israeli Prime Minister's "casualties" that went viral on Tehran's social networks, Netanyahu released a casual video of himself drinking coffee at a café. Iran's Revolutionary Guards then stated: "If he is still alive, we will continue to pursue with full force." The Iran situation is indeed prolonged, but coin prices seem largely unaffected. This morning, Bitcoin and Ethereum surged again – good opportunity to short one position!

Bitcoin daily chart shows six consecutive bullish candles, but bullish momentum is insufficient with no breakthrough of previous highs. Key resistance to watch: the 60-day moving average. Technical structure clearly shows an uptrend, so focus on the 74000 and 74800 levels! Conan believes that if the Iran situation remains unstable, coin prices will likely struggle to achieve significant rebound rallies!

3.16 Short Strategy

Bitcoin current price 72700-73000 short, conservative traders enter at 73500-74000, stop loss around 74800, targets around 72000-71000-70500, if broken see 70000-69500-69000, continue monitoring and move stop loss to secure profits!

Ethereum current price 2170-2200 short, conservative traders enter at 2230-2250, stop loss around 2300, targets around 2100-2070-2050, if broken see 2030-2000-1970, continue monitoring and move stop loss to secure profits!

3.16 Long Strategy

Looking at the current chart, Bitcoin is holding 70000 and Ethereum is holding 2000. If the conflict escalates, there likely won't be significant rebound in the near term. However, spot ETF market has seen continuous capital inflow recently with no major outflows, so you can cautiously attempt longs – Bitcoin 69500-70000 trial, Ethereum 2000-2030 trial, just use a tight stop loss! Manage positions reasonably according to your risk tolerance!

Bitcoin's highs and lows have been gradually rising recently. If the Middle East situation stabilizes and spot ETF market continues to see inflows like recently, Bitcoin would have skyrocketed already. Unfortunately, Iran shows no signs of negotiating, so don't be overly bullish for now. Shorting at highs offers better returns! #加密市场上涨