The short positions in Bitcoin/Ethereum, which were repeatedly mentioned in public strategies and timely reminders yesterday and the day before, focused on the 68000 and 2100 levels. The price reached lows of around 68800 and 2095 respectively, and the short positions performed as expected, with the potential losses anticipated. Currently, the price has rebounded after reaching a key support level. Looking at the previous consolidation pattern, the lows have been steadily rising from 1900, 1940, 2000, 2050, and now around 2100, with Bitcoin following a similar pattern. The overall trend remains intact. A significant drop is expected when the consolidation pattern breaks, which we haven't yet witnessed. Currently, both the hourly and four-hour charts show a rebound, indicating a short-term upward trend with resistance around 72000 and the 2230-2250 area. Support is seen around last night's low. Trading recommendations: Buy Bitcoin around 70,000 to 70,500, with a target of 72,000 to 72,500; Buy Ethereum around 2,120 to 2,140, with a target of 2,200 to 2,230.
Gu Jingci: Bitcoin/Ethereum Trading Strategy with Market Analysis (March 20th)
2026-03-20 04:26:00
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