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Gu Jingci: 3.7 Bitcoin/Ethereum short positions achieved great success, waiting for the trend to break out over the weekend
In recent days, the multiple short positions on Bitcoin and Ethereum have been based on the idea of a downward trend, and the overall space from the high points has been steadily declining. Since the early morning dip to around 67400 and 1955, the market has remained in a sideways consolidation pattern. The rebound strength and trend are not strong, but this is also consistent with the weekend's consolidation pattern. The hourly and four-hour charts are basically flat, with weak continuation of bulls and bears, but there is no further decline. The lows have stabilized above the previous box structure, and support levels below have not been broken.
The daily chart mainly shows range-bound oscillation in the short term, with support levels at around 66500 and 1930, and resistance at around 71000 and 2060. Additionally, the focus over the past two days has been on the weekly close near 66000 and 1930. If the weekly candle closes bearish, it will be a long upper shadow with a bearish close, indicating the trend will weaken further. However, before a breakdown occurs, traders can rely on the box and support levels above to gradually enter long positions for a rebound and rally.
Evening trading suggestions: Buy Bitcoin around 67300 to 67800 with targets near 69000 to 70000; buy Ethereum around 1960 to 1980 with targets near 2050 to 2080.
Daily analysis and strategy have a high success rate, and can be referenced. However, analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication do not guarantee timeliness; please follow real-time data!#2月非农意外负增长 #加密市场小幅下跌 #原油价格飙升