Bitcoin and Ethereum have been retreating since their surge, reaching lows of around 66,700 and 1,935 respectively, representing a relatively large pullback. Our long positions initiated last night are still held, with some additional positions added, currently averaging around 67,200 and 1,958. The market is currently maintaining a volatile, overall weak trend. In the short term, it is expected to continue oscillating within the previous trading range. Intraday focus is on the key support levels of 65,500 and 1,880-1,900; if these support levels hold, the market may fluctuate. Currently, the price is above the lower edge of the previous trading range at 1,930 and 66,000, and there is no immediate risk of a breakout. A key support level to watch is the weekly closing price from last week. Given that the weekly close is tomorrow morning at 8 AM, as mentioned last night, another weekly close in the red would create a long upper shadow, indicating a complete weakening of the trend. Until a breakout occurs, the bullish outlook remains unchanged. Trading suggestions: After adding to your position, hold your long positions at 67200 and 1958 patiently. If you don't have any long positions, continue to buy at the current price of around 66800 and 1940, with targets around 68500 to 69500 and around 2000 to 2050.
Gu Jingci: Bitcoin/Ethereum Trading Strategy with Market Analysis (March 8th)
2026-03-08 03:17:19
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