Gu Jingci: 2.14 Bitcoin/Ethereum Evening Trading Strategy and Market Analysis

Previously, there were multiple setups for Bitcoin/Ethereum with pullback long ideas, and the market has indeed surged significantly as expected, with overall room for growth. Currently, the market has again risen to around 70,500 and 2,107, just a short distance from the short-term resistance levels at 71,500 and 2,150. Before a clear breakout and stabilization at these resistance levels, there is no need to chase longs; instead, consider pulling back to enter short positions and observe a retracement. Pay attention to the support at the daily and four-hour moving averages around 68,000 and 2,000. On the daily chart, a large volume bullish candle has appeared, approaching the intraday high, confirming a strong rebound from the previous downtrend.
On the four-hour chart, with significantly increased volume, it indicates that the bulls are in control. However, short-term upward momentum may weaken or enter consolidation. Technical indicators show that on the four-hour MACD, the DIF line has crossed above the DEA line below the zero axis to form a golden cross, and both DIF and DEA lines are continuing upward. The MACD histogram is positive and expanding, indicating a short-term uptrend with strong momentum. As long as the support levels below are not broken, the market will continue to rise.
Evening Trading Suggestions: Short Bitcoin near 70,500 to 71,000, with targets around 68,000 to 69,000; short Ethereum near 2,095 to 2,120, with targets around 2,000 to 2,030, and watch for 72,000 and 2,160.