March 16 BTC/ETH:

Middle East Geopolitical Conflict Eases, Can BTC Rally Continue to Push Higher on Monday Morning?

6 AM US Media: Trump announces multi-country joint agreement this week to jointly facilitate passage through the Strait of Hormuz. Due to easing supply-demand relations, the USD and crude oil WTI open under pressure in the early session. High-level profit-taking selling pressure, short-term capital inflows into crypto, leading to across-the-board rebound!

BTC
Early session saw price surge driven by external factors, but real-time trading volume shows volume-price divergence. K-line shows a dark cloud cover pattern, indicating a pullback is likely during the day session. Key support for pullback: 7160. If this level breaks, the bounce pattern will deteriorate and lead to deep pullback. Short-term traders should hold small positions with light losses here. Conversely, if 7160 doesn't break, price will make a second push to test the 7400 daily resistance level. Only if price stands solidly above 7400 will the overall rally pattern be considered fully established.

Range 7320-7370, defend 7450, target 7250-7160. If broken below, watch 7020-6930.

ETH
Range 2197-2228, defend 2271, target 2165. If broken below, watch 2108-2060.

Short-term trading is flexible and dynamic. Defense levels should be determined based on your actual position size! $BTC #加密市场上涨