Gu Jingci: 3.16 Bitcoin/Ethereum Morning Session Trading Strategy with Market Analysis

Bitcoin/Ethereum surged again from last night to this morning's early session, reaching highs near 73,100 and 2,200 respectively. They once again challenged recent high resistance levels but pulled back under pressure, indicating significant overhead resistance. From a K-line perspective, both the 4-hour and daily charts show that following a strong rally, the latest K-line has a smaller real body with a long upper shadow, suggesting considerable selling pressure above. After touching below recent highs and pulling back, it demonstrates encountering clear resistance.

From a technical indicators perspective, on the 4-hour chart, MACD's DIF and DEA are both above the zero line, with DIF pointing upward, showing a strong bullish trend. However, the latest K-line's closing price is slightly lower than the previous K-line, while the MACD value is higher, presenting potential signs of bearish divergence that warrant caution. RSI on the 4-hour chart is at elevated levels; although it has declined slightly, it still indicates the market is in a strong zone and may face short-term correction pressure.

Trading Recommendations: Bitcoin short entry around 72,800 to 73,300, targeting 70,500 to 71,500; Ethereum short entry around 2,180 to 2,200, targeting 2,080 to 2,110.
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