Gu Jingci: March 22 - Bitcoin and Ethereum: Long and Short Positions Continue to Profit, with Latest Market Analysis

The short positions on Bitcoin and Ethereum, initiated yesterday at 2160 and 71000, fell as expected this morning, reaching around 2046 and 68200 respectively. The targets of 2050 and 68500 were both reached, and the short positions were successfully executed. Currently, after falling from the high of 75900 and around 2386, the price has rebounded quickly from the morning low, showing some stabilization. Ethereum has found short-term support at the lower Bollinger Band on the 8-hour chart. The strength of the support levels at 2050 and 6800 should be monitored. The overall trend is weak, with bulls losing ground, a common occurrence since the breakout in early February. The daily and 4-hour charts show long lower shadows followed by a bullish close, indicating a potential recovery. A second bottoming out and rebound is expected, but short-term resistance remains. The daily moving average extension resistance remains at 2200 and 71500. Only a decisive break and hold above these levels will allow for further upward movement. Trading suggestions: Buy Bitcoin around 68500-69000, with a target of 70500-71500; Buy Ethereum around 2080-2100, with a target of 2160-2190. We're here every day, not to prove a high win rate, but simply to let you know our team is always present, monitoring the market 24/7, professional and reliable. Analysis and strategies are for reference only; please bear your own risk. Article review and publication are not timely; please refer to real-time information.