Gu Jingci: March 20th Bitcoin and Ethereum: Long and Short Positions Continue to Profit, with Evening Trading Analysis

The short positions in Bitcoin/Ethereum, initiated multiple times in the past two days, successfully reached the 68800 and 2100 levels as expected. Today, during the daytime session, we advised exiting positions at 71300 and 2175 after a pullback. Currently, the market is trading in a narrow range. The rebound after the drop from the high is weak, indicating more of a correction after a rapid decline. The trend remains relatively weak. The 4-hour chart shows a sharp drop with high volume, followed by temporary support at 69000 and 2100, and an attempt at a small rebound. Recent 4-hour candlesticks have formed long upper shadows, indicating significant selling pressure and insufficient rebound momentum. Technically, the 4-hour MACD indicator shows both the DIF and DEA lines below the zero line, with the DIF line continuously crossing below the DEA line. The MACD histogram is negative and expanding, indicating a strong downtrend that is unlikely to reverse in the short term. Furthermore, the recent price rebounds have been accompanied by relatively low trading volume, indicating insufficient buying power and a lack of sustained momentum for the rebound. Evening Trading Suggestions: Short Bitcoin around 71000-71500, with a target of 68500-69500; Short Ethereum around 2160-2180, with a target of 2050-2100. 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 updates.