Gu Jingci: 3.11 Bitcoin/Ethereum Evening Trading Strategy and Market Analysis

Bitcoin/Ethereum last night broke above 68,000 and 1,980 respectively, but has remained in a narrow range since then, with poor overall continuity. This is mainly influenced by external news factors. Later tonight, CPI data will be watched to see if it can serve as a catalyst for the market. On the candlestick chart, the hourly timeframe shows consecutive bearish candles, with the price center of gravity continuously shifting downward, forming a clear downtrend. The latest candlestick's closing price is near the lowest point, but trading volume has decreased, indicating a potential short-term rebound or consolidation.

The daily chart today shows a large bearish candle that engulfs part of the previous day's gains, with a long upper shadow, indicating heavy selling pressure above and a strong bearish force at the daily level. Technical indicators show DIF and DEA continuing to cross below the zero line and diverging downward, while the MACD histogram's green energy bars are increasing, demonstrating strong bearish momentum. The large bearish candle today, accompanied by significant volume, further confirms the downward trend at the daily level.

Evening Trading Recommendations: Short Bitcoin near 69,800 to 70,300, with targets around 67,500 to 68,500; short Ethereum near 2,050 to 2,070, with targets around 1,950 to 1,980, and a stop-loss at 71,300 for Bitcoin and 2,100 for Ethereum.