Gu Jingci: 3.20 Bitcoin/Ethereum Trading Strategy with Market Analysis

Yesterday and the day before, multiple public strategies and timely bottleneck reminders indicated short positions, focusing on the 68,000 and 2,100 levels, with lows reaching around 68,800 and 2,095. Overall, the short positions aligned with expectations, and the downside space is evident. Currently, the market has reached a key support level and is beginning to rebound. Combining this with the previous box structure, the lows have been steadily rising from 1,900, 1,940, 2,000, 2,050 to around 2,100 now, and Bitcoin is following the same pattern. The major trend has not been broken, and only when the box structure truly breaks will we see another large wave of sharp decline. As of now, no such breakout has occurred.

At present, both the hourly and four-hour charts have started to rebound and rise, indicating a short-term oscillating upward momentum. Watch the resistance levels around 72,000 and 2,230 to 2,250, with support referenced at the low point from last night.

Trading suggestions: Long positions in Bitcoin around 70,000 to 70,500, targeting 72,000 to 72,500; long positions in Ethereum around 2,120 to 2,140, targeting 2,200 to 2,230.