3/21 $BTC [Early Trading]: Powell gave a speech in the early morning. In short, he has been talking about interest rate hikes and interest rate cuts for a long time. So far, no news of interest rate cuts has been released. Although the failure to cut interest rates is a small negative, the lack of interest rate hikes is a small positive, so you don’t need to pay attention to the news.

Back to the market, the recent views basically revolve around the downward trend line. If we can't break through here, how can we talk about strengthening? The small-level opening of the downward trend line is another test, so be prepared for several expectations.

Day operation ideas i:

---The most cost-effective short position within the day must be the downward trend line. The intraday price range is around 66666-65600. Just break the stop loss;

---After recovering the downward trend line, you need to pay attention to the resistance of 68800. This has been tested several times during the rebound the day before yesterday, but failed to break through. Only when it recovers here will it be expected to strengthen;

---You can continue to receive spot goods at 61100 below;

---Figure 2 of the major cycle chart. If the daily line can recover above 63100, it will be a good signal for bulls. At least it can temporarily stop the decline and return to the range. It will then strengthen and break through the upper rail of the range, with the price of 68300;

---If you have multiple orders on hand, remember to use 66666 as your profit stop;

---If you break through the downward trend line later, and if you don't break through it, you can go in more, and stop the loss if it falls back to the trend line. The target is 68800/69750. It is recommended to draw and follow the market for this order;

---If the price continues to fall in the future, pay attention to the two supports of 62500/61100, which can be used as a short-term long entry position.

The Ethereum exchange rate has reached near the support of 0.0515. Friends who speculate on the exchange rate can enter the market with a final shout-out, with a target of above 0.055.

Figure 3 Ethereum, pay attention to the test of the downward trend line. If there is a breakthrough later, you can enter the market with a contract if the resistance does not break. If it falls back, focus on 3200/3130/3010 support. Figure 4: The small level has emerged from the head and shoulders bottom structure. If it does not break through 3170-3130 in the future, the structure may be established. If it extends at 1:1, the target position will be around 3700.

Support 65600/64500/62500/61100, resistance 66666/67650/68800