After last night's rally in Bitcoin/Ethereum, short positions were added at average prices of 70,500 and 2,065. The market has pulled back from its highs, and further retracement is expected. The 4-hour chart shows a bearish engulfing pattern after a period of sustained high-volume gains, with a large bearish candle engulfing the previous bullish candle, indicating heavy selling pressure. The latest 4-hour candle shows significantly reduced volume, suggesting a brief period of hesitation or consolidation after the rapid decline. Technically, the 4-hour MACD indicator shows both the DIF and DEA lines above the zero line, indicating an overall bullish trend. However, the DIF line is starting to move downwards towards the DEA line, and the MACD histogram is decreasing from positive values, indicating weakening upward momentum and a potential pullback in the short term. The market remains volatile. The short positions added at average prices of 70,500 and 2,065 should be held patiently, with unchanged targets of 68,000 to 69,000 and 1980 to 2010 respectively.
Gu Jingci: Continue to patiently hold short positions in Bitcoin/Ethereum after the rally, and wait for further pullback.
2026-03-12 01:58:47
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