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

Bitcoin/Ethereum surged again from last night through early morning session, reaching highs near 73,100 and 2,200 respectively, once more testing recent resistance levels and pulling back after encountering pressure, indicating significant overhead resistance. From a K-line perspective, both the 4-hour and daily charts show that following a strong rally, the latest K-line candle body is relatively small with a long upper wick, suggesting strong selling pressure from above. After touching and pulling back from recent highs, this demonstrates encountering clear resistance.

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

Trading Recommendations: Bitcoin - enter short positions near current price of 72,800 to 73,300, target 70,500 to 71,500; Ethereum - enter short positions near current price of 2,180 to 2,200, target 2,080 to 2,110.

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