Gu Jingci: 3.22 Bitcoin Ethereum Long and Short Continuous Profit with Latest Market Analysis

Bitcoin and Ethereum's short positions at 2160 and 71000 that were deployed yesterday as expected dropped to around 2046 and 68200 in early trading, with targets of 2050 and 68500 fully reached, short positions successfully taking off again. Currently, the market has rebounded quickly from the low point of the early morning dip since falling from the high of 75900 and 2386, with some stabilization in the market. Ethereum's market has come to the lower track of the 8-hour Bollinger Bands forming short-term support. Focus on the following 2050 and 6800 level support strength.

Currently the overall trend is weak with bulls losing ground all the way, which is the normal state of wide-range consolidation since the breakthrough below in early February. Daily and 4-hour charts have long lower wicks and currently closed bullish, with bulls showing repair momentum. Focus on secondary bottom testing and rebound stabilization. However, there is still short-term pressure above, with daily MA extension resistance still at 2200 and 71500 levels. Only after effectively breaking through and holding this level can bulls look higher.

Operation Suggestions: Bitcoin enter long near 68500 to 69000, target 70500 to 71500; Ethereum enter long near 2080 to 2100, target 2160 to 2190.

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