Gu Jingci: Bitcoin/Ethereum Trading Strategy and Market Analysis (March 5th)

Bitcoin/Ethereum has been oscillating upwards since the daytime lows of around 67300 and 1940, accelerating its rise in the evening. The overall trend is strong, and it has broken through the recent daily highs. Those who have been following the market closely should know that this oscillation stems from the rapid decline on February 5th, with highs around 73300 and 2170, which can be considered short-term resistance levels for a potential pullback. The daily chart shows a large bullish candlestick with huge volume, engulfing the previous day's losses, indicating extremely optimistic market sentiment and strong bullish momentum. On the 4-hour chart, the last two candlesticks have closed bullish, but the trading volume has shrunk, indicating some selling pressure above and a possible slowdown in short-term upward momentum. In particular, the trading volume of the latest 4-hour candlestick is significantly lower than the previous two high-volume bullish candlesticks, and combined with its long upper shadow, it may suggest a weakening of short-term buying power, warranting caution regarding a short-term pullback. Early morning trading suggestions: Short Bitcoin around 73,000 to 73,500, with a target of 70,000 to 71,000; Short Ethereum around 2,140 to 2,160, with a target of 2,040 to 2,070. If it breaks down, continue to look for 69,000 and 1,980, with further targets at 74,500 and 2,200.