Gu Jingci: 3.19 Bitcoin/Ethereum Operating Strategy with Market Analysis
Bitcoin/Ethereum short positions were established near 72500 and 2250 during yesterday evening's downtrend, with prices exploring down to approximately 70500 and 2150, delivering decent overall movement. Currently, the market is experiencing some retracement and rebound, but rebounds do not equate to reversals. The trend has broken down, and rebounds merely present another opportunity for short positions to enter. K-line formation on the 4-hour chart shows that a large bearish candle with massive volume appeared yesterday evening, confirming the end of the previous uptrend and the beginning of correction. The subsequent two 4-hour K-lines display small rebound bullish candles, but with small bodies, indicating that the market is attempting to stabilize after rapid decline, though rebound strength is limited.
On technical indicators, the 4-hour MACD DIF line has crossed below the DEA line, with the MACD histogram showing negative values, and both DIF and DEA operating below the zero axis, suggesting short-term trends are bearish with downside momentum still releasing. Moreover, current rebound trading volume shows a decreasing trend, indicating the current rebound lacks strong buying support and may only be a technical rebound during the downtrend.
Operation Recommendations: Bitcoin continue shorting near 71500 to 72000, targeting 69000 to 70000; Ethereum continue shorting near 2220 to 2240, targeting 2120 to 2160.
Gu Jingci: 3.19 Bitcoin/Ethereum Operating Strategy with Market Analysis
Bitcoin/Ethereum short positions were established near 72500 and 2250 during yesterday evening's downtrend, with prices exploring down to approximately 70500 and 2150, delivering decent overall movement. Currently, the market is experiencing some retracement and rebound, but rebounds do not equate to reversals. The trend has broken down, and rebounds merely present another opportunity for short positions to enter. K-line formation on the 4-hour chart shows that a large bearish candle with massive volume appeared yesterday evening, confirming the end of the previous uptrend and the beginning of correction. The subsequent two 4-hour K-lines display small rebound bullish candles, but with small bodies, indicating that the market is attempting to stabilize after rapid decline, though rebound strength is limited.
On technical indicators, the 4-hour MACD DIF line has crossed below the DEA line, with the MACD histogram showing negative values, and both DIF and DEA operating below the zero axis, suggesting short-term trends are bearish with downside momentum still releasing. Moreover, current rebound trading volume shows a decreasing trend, indicating the current rebound lacks strong buying support and may only be a technical rebound during the downtrend.
Operation Recommendations: Bitcoin continue shorting near 71500 to 72000, targeting 69000 to 70000; Ethereum continue shorting near 2220 to 2240, targeting 2120 to 2160.
#Gate13周年全球庆典 #Gate广场AI测评官 #美联储维持利率不变