Gu Jingci: 3.16 Bitcoin/Ethereum Morning Trading Strategy with Market Analysis

Bitcoin/Ethereum surged again from last night to this morning, reaching highs near 73,100 and 2,200 respectively. Once again challenging the recent high levels above, they encountered resistance and pulled back, indicating significant selling pressure from above. From the K-line formation perspective, both the 4-hour chart and daily chart show that after a strong rally, the latest K-line body is relatively small with a long upper shadow, suggesting strong selling pressure above. After touching below recent highs and pulling back, this demonstrates encountering obvious resistance.

From technical indicators, MACD on the 4-hour chart shows DIF and DEA both above the zero axis, with DIF pointing upward, indicating strong bullish momentum. However, the latest K-line closing price is slightly lower than the previous K-line while MACD value is higher, showing potential divergence signals that warrant caution. RSI on the 4-hour chart is at elevated levels; although slightly declining, it still indicates the market is in a strong zone that may face short-term pullback pressure.

Trading Recommendations: Bitcoin - enter short near current price 72,800 to 73,300, target 70,500 to 71,500; Ethereum - enter short near current price 2,180 to 2,200, target 2,080 to 2,110.
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