Gu Jingci: Bitcoin/Ethereum Trading Strategy and Market Analysis (March 2nd)

Bitcoin/Ethereum surged due to news-driven factors but then retreated, currently hovering around 66,000 and 1970 respectively. The struggle between bulls and bears is still very evident at this level. Most importantly, the price action in the past two days has been completely unaffected by technical factors and directly driven by war news. The 4-hour chart shows recent candlesticks with long shadows, especially above 2050 and 68,000, indicating intense competition between bulls and bears and heavy selling pressure. The most recent 4-hour candlestick closed bearish with a long lower shadow. There is some buying support around the 1930 and 65,000 support levels, but the closing price was lower than the opening price, indicating weakening bullish momentum. The daily chart shows a small-bodied bearish candlestick with long upper and lower shadows, suggesting the market has entered a period of hesitation after significant volatility. Technical indicators show both the DIF and DEA lines above the zero line, and the MACD histogram is positive, indicating that the market remains in a bullish market in the short term. However, the DIF value dropped from 5.78 to 5.60, indicating a weakening of bullish momentum. We should be wary of potential golden or death crosses in the future. The recent high-level consolidation on the daily chart, accompanied by significant trading volume, is consistent with a pullback or consolidation after a sharp rise. Early morning trading suggestions: Buy Bitcoin around 65300-65800, with a target of 67500-68500; Buy Ethereum around 1940-1960, with a target of 2020-2050. Our daily analysis and strategies have a high win rate and are readily available. However, these analyses and strategies are for reference only; please bear your own risks. Article review and publication are not timely; please refer to real-time updates.