Gu Jingci: Bitcoin/Ethereum Early Session Trading Strategy on 3.16 with Market Analysis

Bitcoin/Ethereum surged again from last night through early morning, reaching highs near 73100 and 2200 respectively, once again challenging recent high-point resistance and pulling back, indicating significant selling pressure above. In terms of K-line patterns, both the 4-hour chart and daily chart show that after a strong rally, the latest K-line has a smaller body with a long upper shadow, indicating strong selling pressure above. After touching below recent highs and pulling back, it shows clear resistance encountered.

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

Trading Suggestions: Bitcoin enter short near current price 72800 to 73300, targets 70500 to 71500 nearby; Ethereum enter short near current price 2180 to 2200, targets 2080 to 2110 nearby.
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