The short positions on Bitcoin and Ethereum, which have been repeatedly recommended in recent days, have seen a clear downward trend from their highs. Since dipping to around 67400 and 1955 in the early morning, the price has been consolidating sideways, with weak rebounds and a lack of upward momentum. This aligns with the weekend's consolidation pattern. The hourly and four-hour charts are essentially flat, lacking strong momentum, but without further downward movement, indicating some stabilization. The lows reached are also above the previous consolidation range, meaning the support level hasn't been broken. The daily chart suggests short-term range-bound trading, with support levels at 66500 and 1930, and resistance levels at 71000 and 2060. The key focus for the next two days is the weekly closing price around 66000 and 1930. A bearish weekly close with a long upper shadow would indicate further weakening of the trend. However, before a breakout, it's advisable to enter long positions in batches above the consolidation range and support levels, hoping for a potential rebound. Evening Trading Suggestions: Buy Bitcoin around 67300-67800, with a target of 69000-70000; Buy Ethereum around 1960-1980, with a target of 2050-2080. 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 risk. Article review and publication are not timely; please refer to real-time information.
Gu Jingci: Bitcoin/Ethereum short positions on March 7th were a resounding success; the market is consolidating over the weekend, awaiting a trend to emerge.
2026-03-07 13:44:26
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