3.31 Bitcoin and Ethereum Trend Analysis and Trading Strategy!
The monthly chart is about to close. Bitcoin opened at 66,973 this month, and Ethereum opened at 1,963. Technical indicators show that the bears still have the upper hand. The market is consolidating sideways, and a big move may occur on the last day of the month. This needs to be closely watched! On the daily chart, Bitcoin closed with a bullish wick candlestick, facing resistance around 68,000, with support at 66,000. A break below this level could lead to a further decline to the 63,000-60,000 range. Ethereum also closed with a bullish wick candlestick on the daily chart, facing resistance at 2050-2100, with support at 2000. A break below this level could lead to a further decline to the 1940-1850 range. On the 4-hour chart, Bitcoin has been clearly facing resistance at 67,800-68,000 in recent days, testing this level twice before falling back. Support is at 66,000, and a break below this level could lead to a decline to the 63,000-60,000 range. Ethereum is clearly facing resistance at 2070-2100, similarly testing this level twice before falling back. Support is at 1980-2020, and a break below this level could lead to a decline to the 1930-1830 range. Trading strategy: Short near resistance levels! Short Bitcoin at 67300-67800, target 66300-63000, stop loss above 69000; Short Ethereum at 2070-2090, target 2010-1940, stop loss above 2130. These strategies are time-sensitive; please refer to the information on the homepage for details, and private real-time guidance will prevail!