Gu Jingci: 3.20 Bitcoin Ethereum Evening Operation Strategy with Market Analysis

Bitcoin/Ethereum successfully reached 68800 and 2100 levels as expected in the previous two days with multiple short positioning layouts. Today's white plate pullback and rally to 71300 and 2175 levels also provided exit reminders. Currently, the market is trading in narrow range consolidation. After declining from highs, the rebound strength is weak, mostly rapid downside exploration followed by corrective consolidation. The trend remains relatively weak. From a K-line pattern perspective, the 4-hour chart shows previous volume-driven sharp decline, followed by brief support at 69000 and 2100, with attempts at modest rebounds. Recent 4-hour K-lines have printed bearish candles with long upper wicks, indicating obvious selling pressure and insufficient rebound momentum.

On technical indicators, the 4-hour MACD shows DIF and DEA running below the zero line, with DIF continuously crossing below DEA. The MACD histogram is negative and continuously expanding, indicating the market is in a strong bearish trend that is difficult to reverse in the short term. Additionally, recent price rebound trading volume is relatively contracted, showing insufficient buying power and lack of sustained momentum for rebounds.

Evening Operation Suggestions: Bitcoin short near 71000 to 71500, targeting 68500 to 69500; Ethereum short near 2160 to 2180, targeting 2050 to 2100.

Daily analysis and strategies show higher win rates, which can be seen. Analysis and strategies are for reference only, risks are self-assumed. Article review and publication lack timeliness; specific positions are subject to real-time data!
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