Gu Jingci : 3.12 Bitcoin/Ethereum Long and Short Positions Continue to Generate Profits with Evening Market Analysis

Bitcoin/Ethereum have experienced narrow range fluctuations over the past two days, however high and low points are continuously switching, with trend strengthening characteristics. We have also exited perfectly from multiple long and short position layouts with profits, which can be seen from our previous records. Currently the market is rallying, with the 4-hour K-line chart showing strong rebounds, with consecutive long bullish candles appearing, indicating that bulls are in control. Current closing price is near the highs with active buying. Price is approaching 71000 to 71500 and 2080 to 2100 levels near recent highs, this zone may form short-term resistance.

The daily chart shows price has closed green for four consecutive days, forming a clear uptrend, indicating strong bullish sentiment. On technical indicators, the 4-hour MACD DIF line and DEA line are both running above zero, after DIF crosses above DEA it continues to diverge upward, red energy bars continue to increase, showing the market is in a strong uptrend with sufficient bull momentum. However, there is no news catalyst in the short term, so the evening session may see continued pressure and pullback.

Evening Trading Suggestions: Bitcoin near current price 70300 to 70800 area short, target 68000 to 69000 area; Ethereum 2075 to 2090 area short, target 1990 to 2020 area.

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