March 16 BTC/ETH:

Middle East geopolitical conflict eases, can the big pie's rebound continue to surge higher in Monday's early session?

6 AM US Media: Trump announces multiple countries will jointly coordinate this week to jointly escort passage through the Strait of Hormuz. As supply and demand relations ease, the US dollar and crude oil WTI open under pressure in the early session with high-level profit-taking outflows. Short-term inflows to crypto start a full-line rebound!

BTC
The early session surge was stimulated by external factors, but real-time trading volume shows a divergence between price and volume. Meanwhile, the K-line presents a dark cloud cover pattern, so the daily market will inevitably undergo a correction. Watch support at 7160 for the pullback. If this level breaks, the rebound pattern will deteriorate into a deep correction. Short-term traders should hold light positions and small losses here. Conversely, if it doesn't break below, the market will make a second surge to test the 7400 daily line resistance. If it can stand firm above 7400, the overall market will be considered to have entered a complete rebound pattern.

Oscillate around 7320-7370 range, defend 7450, target 7250-7160, if broken below look at 7020-6930

ETH
Oscillate around 2197-2228 range, defend 2271, target 2165, if broken below look at 2108-2060

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