Bitcoin/Ethereum surged again last night and into this morning, reaching highs of around 73100 and 2200 respectively, before retreating after testing recent highs, indicating significant upward pressure. Both the 4-hour and daily charts show that after a strong upward move, the latest candlestick has a small body and a long upper shadow, indicating strong selling pressure. The pullback after touching recent highs shows significant resistance. Technically, the MACD on the 4-hour chart shows both the DIF and DEA lines above the zero line, with the DIF trending upwards, indicating a strong bullish trend. However, the latest candlestick's closing price is slightly lower than the previous candlestick, while the MACD value is higher, suggesting a potential bearish divergence that warrants caution. The RSI on the 4-hour chart is at a high level; although it has slightly retreated, it still indicates the market is in a strong zone and may face short-term pullback pressure. Trading recommendations: Short Bitcoin around 72,800 to 73,300, with a target of 70,500 to 71,500; Short Ethereum around 2,180 to 2,200, with a target of 2,080 to 2,110.
Gu Jingci: Bitcoin/Ethereum Morning Trading Strategy with Market Analysis (March 16)
2026-03-16 01:10:24
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