Gu Jingci: Bitcoin/Ethereum Trading Strategy with Market Analysis (March 21)

The short-selling strategy repeatedly suggested during the previous high-level decline of Bitcoin/Ethereum perfectly executed the expected drop to around 68800 and 2100. Since the decline began, we repeatedly pointed out yesterday that the market is currently in a consolidation phase, and we also suggested buying low and selling high to capture multiple swings, resulting in at least 300-400 points of movement for Ethereum overall. Currently, the 4-hour chart shows that the market is consolidating within a narrow range with small candlestick bodies, indicating a relatively balanced market with a lack of clear direction. The daily chart shows a significant drop from the high point, with recent candlestick bodies becoming smaller, suggesting weakening downward momentum, but the overall trend remains downward. Technically, on the 4-hour MACD chart, both the DIF and DEA lines are below the zero line, with the DIF line below the DEA line. However, the absolute values of the negative values in the MACD histogram are converging, indicating weakening bearish momentum, potentially suggesting a slowdown in the short-term downtrend or a potential rebound. This consolidation also signifies the imminent formation of a new trend. Over the weekend, pay attention to the weekly closing price; continued weakness could lead to further downside. Trading suggestions: Short Bitcoin around 71000-71500, with a target of 68500-69500; Short Ethereum around 2160-2180, with a target of 2050-2100, and further downside to 67000 and 1980 if the price breaks down. Daily analysis and strategies have a high win rate and are available for viewing. However, this analysis and strategy are for reference only; please bear your own risk. Article review and publication are not timely; please refer to real-time updates.