Gu Jingci: 3.20 Bitcoin/Ethereum Trading Strategy with Market Analysis

Yesterday and the day before, Bitcoin/Ethereum had multiple publicly shared strategies with timely reversal reminders for short positions, focusing on the 68000 and 2100 levels. The lows reached around 68800 and 2095 respectively, with overall short positions meeting expectations and clear room for movement. Currently, the market has reached key support and begun a bounce-back. Combined with the previous box structure, the low points have continuously moved higher from 1900, 1940, 2000, 2050 to around 2100 now; Bitcoin follows the same pattern. The major trend remains intact without breaking positions. When the box structure truly breaks, another significant waterfall decline will follow; currently without a breakout, we don't see this scenario.

Currently, the hourly and four-hourly charts are both starting to show bounce-back rallies. In the short term, the market is biased toward oscillation with upward rebound strength. Watch for pressure around 72000 and 2230-2250 area above; support below references last night's low level.

Trading Suggestions: Bitcoin around 70000 to 70500 go long, targeting 72000 to 72500; Ethereum around 2120 to 2140 go long, targeting 2200 to 2230.

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