Short positions in Bitcoin/Ethereum were repeatedly suggested during last night's price surge, and we reiterated this morning that further downside was possible. The current pullback is largely in line with expectations. Recent external war news has caused Bitcoin and Ethereum to fluctuate repeatedly, exhibiting a pattern of upward movement, pullbacks, and range-bound consolidation. With resistance above and support below, Bitcoin and Ethereum are likely to consolidate in the 68,000-72,000 and 1980-2100 ranges in the short term. The US February CPI data met expectations, and the market has little hope for a March rate cut. The high-interest-rate environment will continue to exert some downward pressure on cryptocurrencies in the short term, but the market's expectation of a medium-term rate cut remains unchanged, limiting the extent of the pullback in Bitcoin and Ethereum. Trading recommendations: Buy Bitcoin around 69,000-69,300, with a target of 70,500-71,500; Buy Ethereum around 2,000-2,020, with a target of 2,080-2,120.
Gu Jingci: Bitcoin/Ethereum continued to fluctuate on March 12th; short positions closed at profit-taking levels; long positions are ready to enter.
2026-03-12 04:12:35
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