Gù Jǐng Cí: 3.16 Bitcoin/Ethereum Early Session Operation Strategy with Market Analysis

Bitcoin/Ethereum surged again from last night through the early session, reaching highs near 73,100 and 2,200 respectively. They again challenged recent high points but faced selling pressure and retreated, indicating significant overhead resistance. In terms of K-line patterns, both the 4-hour and daily charts show that after a strong rally, the latest K-line candles have small bodies with long upper wicks, indicating considerable selling pressure overhead. Touching below recent highs and retreating shows clear resistance encountered.

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

Operation Recommendations: Enter shorts on Bitcoin near the current price of 72,800 to 73,300, targeting 70,500 to 71,500; Enter shorts on Ethereum near the current price of 2,180 to 2,200, targeting 2,080 to 2,110.
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