Gu Jingci: 3.16 Bitcoin/Ethereum Early Session Trading Strategy with Market Analysis
Bitcoin and Ethereum surged again from last night through early trading, reaching highs near 73,100 and 2,200 respectively, once again challenging recent resistance levels before pulling back under pressure, indicating significant overhead resistance. From a K-line perspective, both the 4-hour and daily charts show that after a strong rally, the latest K-line candles have small bodies with long upper wicks, suggesting strong selling pressure from above. Pullbacks after touching recent highs indicate clear resistance headwinds.
On technical indicators, MACD on the 4-hour chart shows DIF and DEA both above the zero line with DIF pointing upward, indicating strong bullish momentum. However, the latest K-line close is slightly below the previous candle while MACD values are higher, suggesting a potential bearish divergence that warrants caution. RSI on the 4-hour chart is at elevated levels; while showing slight pullback, it still indicates the market is in a strong zone and may face short-term correction pressure.
Trading Recommendations: Bitcoin enter short positions near current price 72,800 to 73,300, target 70,500 to 71,500; Ethereum enter short positions near current price 2,180 to 2,200, target 2,080 to 2,110. #Gate广场AI测评官 #Gate2月衍生品市场份额创新高 #加密市场上涨
Gu Jingci: 3.16 Bitcoin/Ethereum Early Session Trading Strategy with Market Analysis
Bitcoin and Ethereum surged again from last night through early trading, reaching highs near 73,100 and 2,200 respectively, once again challenging recent resistance levels before pulling back under pressure, indicating significant overhead resistance. From a K-line perspective, both the 4-hour and daily charts show that after a strong rally, the latest K-line candles have small bodies with long upper wicks, suggesting strong selling pressure from above. Pullbacks after touching recent highs indicate clear resistance headwinds.
On technical indicators, MACD on the 4-hour chart shows DIF and DEA both above the zero line with DIF pointing upward, indicating strong bullish momentum. However, the latest K-line close is slightly below the previous candle while MACD values are higher, suggesting a potential bearish divergence that warrants caution. RSI on the 4-hour chart is at elevated levels; while showing slight pullback, it still indicates the market is in a strong zone and may face short-term correction pressure.
Trading Recommendations: Bitcoin enter short positions near current price 72,800 to 73,300, target 70,500 to 71,500; Ethereum enter short positions near current price 2,180 to 2,200, target 2,080 to 2,110.
#Gate广场AI测评官 #Gate2月衍生品市场份额创新高 #加密市场上涨