Gu Jingci: 3.10 Bitcoin/Ethereum Bullish and Bearish Continual Profits with Market Analysis

Since the previous surge to 74,000 for Bitcoin and 2,200 for Ethereum, multiple reminders were given to enter short positions. Subsequently, the market retraced to around 66,000 to 67,000 for Bitcoin and 1,940 for Ethereum, with repeated signals to go long. The market has been moving as expected, with both bullish and bearish spaces visible. Currently, after a dip, the market has rebounded strongly, with a significant upward movement, especially as Bitcoin has again approached the 70,000 level, indicating a strong trend.

On the 4-hour candlestick chart, the latest two candles are strong bullish candles rebounding sharply from lows, with closing prices near the highs, showing that buying momentum is dominant.

The daily chart shows that the last two days are both strong bullish candles with long lower shadows, indicating strong buying support and an ongoing upward trend. Technical indicators show the DIF line crossing above the DEA line to form a golden cross, and the MACD histogram continues to expand above the zero line, indicating strong bullish momentum and an upward trend. Additionally, the daily volume is relatively small, which may suggest that short-term upward momentum is slowing or that the market is consolidating, which is a normal correction phase during an uptrend or downtrend.

Trading Suggestions: Continue to buy around 68,800 to 69,300 for Bitcoin, with targets near 71,000 to 72,000; continue to buy around 2,000 to 2,020 for Ethereum, with targets near 2,080 to 2,130.