Gu Jingci: 3.22 Bitcoin Ethereum Long and Short Continuous Profit with Latest Market Analysis

Bitcoin and Ethereum's 2160 and 71000 short positions laid out yesterday fell as expected to around 2046 and 68200 in early morning trading, with targets of 2050 and 68500 fully reached, short positions successfully took off again. Currently, the market has rebounded sharply from the recent high of 75900 and 2386, with early morning pin low reversing quickly. The market shows some stabilization, and Ethereum's price has reached the lower track of the 8-hour Bollinger Band forming short-term support. Pay attention to the support level of 2050 and 6800 below.

The overall trend is currently weak and longs are breaking down consistently, which is the normal state of wide-ranging oscillation since the early February downbreak. Daily and 4-hour charts show long lower shadows with yang closing patterns, and longs show repair trends. Focus on a second bottom test and stabilization rebound, but upside still faces short-term pressure. Daily MA expansion suppression remains at 2200 and 71500 levels. Only an effective breakthrough and firm establishment at this position will allow bulls to look higher.

Trading Suggestions: Bitcoin enter long near 68500 to 69000, target 70500 to 71500; Ethereum enter long near 2080 to 2100, target 2160 to 2190.

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