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Gu Jingci: March 13 Bitcoin/Ethereum Evening Trading Strategy with Market Analysis
Bitcoin and Ethereum opened at 2140 and 71800, respectively, with the current prices pulling back and declining to around 2090 and 70900. Those who did not exit in time may now be caught in positions or have been stopped out. Currently, the market has surged to approximately 73850 and 2209, just a hair away from the previous daily high of 74000. Ethereum has approached the previous high as well. The current pullback is relatively mild, and the overall trend remains strong. However, once the price reaches the previous high, even if it breaks through again, it won't go far, as there will be a retracement to confirm support.
Evening trading suggestions: Short Bitcoin at the current price of 73800, with targets around 71000 to 72000; short Ethereum at the current price of 2205, with targets around 2080 to 2130. Stop-loss levels are at 75000 and 2250.