Bitcoin and Ethereum traded in a volatile downward trend last night. Short-term long positions were initiated in the early morning, with short positions entered above 70500 and 2060. The price continued to rise throughout the night, reaching 71530 and 2099, resulting in some profit. The analysis in previous posts is clearly explained. Currently, the price is range-bound and weak, with the overnight news failing to significantly boost the market. Therefore, analyst Xiao Ma's Diary recommends focusing on shorting on rallies. Short Bitcoin around 71000-71500, with a target of 70000-69000; short Ethereum around 2080-2120, with a target of 2010-1970.
Bitcoin and Ethereum long positions have secured gains in the short term; subsequent rebounds could present opportunities to short: 3/6
2026-03-06 05:00:23
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