Gu Jingci: 3.21 Bitcoin/Ethereum Trading Strategy with Market Analysis

The short positions suggested multiple times during the previous high-level decline have tracked down to around 68,800 and 2,100, perfectly meeting expectations. Since the decline began, market conditions yesterday showed multiple reminders that the current market is oscillating. At the same time, we reminded that high selling and low buying can capture multiple waves, with Ethereum overall having at least 300-400 points of room. Currently, the 4-hour K-line chart shows narrow-range oscillations within a range, with small K-line bodies, indicating the market is in a consolidation phase with relatively balanced strength between bulls and bears, lacking clear directional movement.

The daily chart shows a wave of volume-driven decline from the high point, with recent K-line bodies becoming smaller and declining momentum weakening somewhat, but the overall trend remains downward. On technical indicators, the 4-hour MACD's DIF and DEA lines are both running below the zero line, with the DIF line positioned below the DEA line. However, the absolute value of the negative MACD histogram bars is converging, indicating bearish momentum is weakening, which may signal a slowdown in the downtrend or a potential short-term rebound. This consolidation also suggests that a new trend is about to form. During the weekend, these next two days, focus on the weekly closing situation. If the market continues to weaken, there is further room for downside movement.

Trading suggestions: Short Bitcoin near 71,000 to 71,500, targeting 68,500 to 69,500; short Ethereum near 2,160 to 2,180, targeting 2,050 to 2,100. If support breaks, continue to watch levels around 67,000 and 1,980.

Daily analysis and strategies tend to have higher success rates, which can be observed. These analyses and strategies are for reference only; please assume the risks yourself. The article's review and publication may lack real-time accuracy, so always rely on current market data! #Gate13周年全球庆典 #TradFi首创多倍杠杆 #加密行情震荡