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

Bitcoin and Ethereum's short orders at 2160 and 71000 positioned yesterday proceeded as planned with prices dropping to around 2046 and 68200 in early trading today, targets at 2050 and 68500 were fully reached, short orders successfully took off again. Currently, the price has rebounded rapidly from the high of 75900 and 2386 after a sharp dip in early trading, showing some stabilization. Ethereum has reached the lower band of the 8-hour Bollinger Band forming short-term support; we will continue monitoring support levels at 2050 and 6800 below.

The overall trend is currently weak with bulls continuously breaking down, which has become the norm for wide-range consolidation since early February's breakdown. Both daily and 4-hour charts show long lower shadows with positive closures; bulls show signs of recovery. Watch for a secondary bottom formation and rebound stabilization, though short-term pressure remains above. Daily MA extensions still face resistance at 2200 and 71500 levels. Only effective breakthrough and stable positioning above these levels will allow bulls to target higher.

Operational 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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