# US-Iran Situation Difficult to Ease, Bearish Outlook Aligns with Expectations - Cautious Bottom Fishing! 3.23 Bitcoin and Ethereum Strategy

**Bessen Defends Strike on Iran:** After brief price spike, will bring "nuclear-free Iran" and 50 years of peace. Trump gives Iran 48 hours to open strait, otherwise "will start bombing from the largest power plant." US Treasury Secretary calls this the "only language Iran understands," stating "sometimes you must escalate to de-escalate." Iran is equally defiant—if attacked, will "completely shut down" this global energy artery. As both sides expand strike targets to energy, IT, and desalination facilities, Middle East warfare is burning toward the roots of global economy. This war has already triggered an unprecedented global supply crisis for oil and natural gas!

Under this influence, the daily chart closed bearish again. Coin price broke below the hourly and 4-hour Bollinger lower band. Chart indicators clearly lean bearish. Although Ethereum is relatively strong, it also shows weak rebound momentum, so shorting any rebound is optimal. Everyone proceed cautiously with bottom fishing!

## 3.23 Short Strategy

**Bitcoin:** Rebound to 69,500-70,000 for short. Conservative entry at 70,500-71,000, defend above 71,500. Target 68,500-68,000 area. If broken, watch 67,500-67,000-66,500-66,000 area. Continue breaking through to move stop loss to breakeven and lock profits based on situation!

**Ethereum:** Rebound to 2,080-2,110 for short entry. Conservative entry at 2,140-2,170, defend above 2,200. Target 2,020-2,000 area. If broken, watch 1,950-1,900 area. Continue breaking through to move stop loss to breakeven and lock profits based on situation!

## 3.23 Long Strategy

**Bitcoin:** Try long entry on retracement near 65,000. Defend near 64,000. Target 66,000-66,500-67,000 area. If broken, move stop loss to breakeven and lock profits accordingly!

**Ethereum:** Try long entry on retracement near 1,900. Defend near 1,860. Target 1,950-1,970-2,000 area. If broken, move stop loss to breakeven and lock profits accordingly!

With Middle East tensions unresolved, bullish momentum is difficult to sustain. Although previous capital pushed coin prices higher, ultimately they were beaten back to original form. Those wanting to go long—bring good stop losses. When opportunities arise, lock in breakeven losses, then slowly move up profit locks. Beware of continued bearish pressure. Everyone proceed cautiously with bottom fishing!