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

The short positions repeatedly reminded during the previous high-level decline of Bitcoin/Ethereum have perfectly aligned with expectations, exploring down to around 68800 and 2100. Since the decline, the market has been showing oscillation as reminded multiple times yesterday, and high selling/low buying have captured multiple wave segments, with Ethereum having at least 300-400 points of space overall. Currently, the 4-hour chart shows narrow-range oscillation within the range, with small K-line entities indicating the market is in a consolidation state, with relatively balanced forces between bulls and bears, lacking a clear directional trend.

The daily chart shows a round of volume increase decline from the highs, with K-line entities becoming smaller recently, and declining momentum weakening somewhat, but the overall downtrend remains intact. On technical indicators, the 4-hour MACD's DIF and DEA lines are both running below the zero axis, with the DIF line below the DEA line, but the absolute value of negative MACD histogram is converging, indicating that bearish momentum is weakening and may suggest a slowdown or potential rebound in the short-term downtrend. This consolidation also means a new trend is about to form. During this weekend, pay attention to weekly-level closing situations. Once it continues to weaken, there is further downside space for the market.

Operating Suggestions: Short Bitcoin around 71000-71500, target 68500-69500; Short Ethereum around 2160-2180, target 2050-2100. If broken, continue watching 67000 and 1980 levels.

Daily analysis and strategies have high win rates, which can be seen. Analysis and strategies are for reference only, risk is at your own discretion. Article review and publication lack timeliness; specific conditions subject to real-time basis! #Gate13周年全球庆典 #TradFi首创多倍杠杆 #加密行情震荡