Gu Jingci: 4.1 Bitcoin/Ethereum Trading Strategy with Market Analysis

Bitcoin/Ethereum have recently shown a pattern of switching between highs and lows and moving upward. Our multiple long and short positions along the Silk Road can be seen clearly, including the long position re-entered last night. The market has risen as expected, and the overall space looks very promising. After spiking to around 68,500 and 2,120 early this morning, the market entered a narrow range of oscillation, with a relatively small retracement and an overall strengthening trend. The daily candlestick pattern shows a large volume bullish candle yesterday, indicating strong buying pressure and a successful breakout from recent consolidation zones. The 4-hour chart shows a slight pullback with a bearish candle, with new highs but closing prices pulling back, indicating that short-term upward momentum is slowing and the market is entering a correction.

On technical indicators, the 4-hour timeframe shows the DIF line crossing above zero, and the DEA line is about to cross above zero. The MACD histogram remains positive and relatively large, indicating a confirmed bullish trend with strong momentum. However, the current market movement is mainly driven by external factors such as the US-Iran conflict exchanges, without substantial fundamental drivers. In the short term, watch for resistance around 69,000 to 69,500 and 2,150 to 2,180 levels.

Trading suggestions: Short near 68,500 to 69,000 for Bitcoin, targeting 66,000 to 67,000; short near 2,120 to 2,130 for Ethereum, targeting 2,000 to 2,050.

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