Since the Bitcoin/Ethereum pair surged to 74,000 and 2,200, we've repeatedly advised shorting, and subsequently, we advised going long near 66,000-67,000 and 1,940. The market has moved as expected, with both bullish and bearish movements clearly visible. Currently, the price has rebounded after the dip, with significant upside potential, especially for Bitcoin, which has once again reached the 70,000 level, indicating a strong trend. The 4-hour chart shows two strong bullish candles, a strong rebound from the lows, with the closing price near the highs, showing that buyers are in control. The daily chart shows two strong bullish candles with long lower shadows, indicating strong buying support and an upward trend. Technically, the DIF line has crossed above the DEA line, forming a golden cross, and the MACD histogram continues to expand and is above the zero line, showing strong bullish momentum and an upward trend. Furthermore, the relatively low trading volume on the daily chart may indicate a slowdown in short-term upward momentum or a consolidation phase. However, this is a normal continuation pattern during an upward or downward trend. Trading recommendations: Continue to buy Bitcoin around 68800-69300, with a target of 71000-72000; continue to buy Ethereum around 2000-2020, with a target of 2080-2130.
Gu Jingci: March 10th Bitcoin/Ethereum: Continued Profitability for Both Long and Short Positions (with Market Analysis)
2026-03-10 05:56:22
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