Gu Jingci: 3.12 Bitcoin/Ethereum Long and Short Positions Continue to Profit; Evening Market Analysis

Bitcoin/Ethereum have been oscillating within a narrow range over the past two days, but the highs and lows are constantly switching, indicating an increasing trend. We have also successfully executed multiple long and short strategies for continuous profits, as seen in previous analyses. Currently, the market is pushing higher, with the 4-hour candlestick chart showing a strong rebound, with several long-bodied bullish candles in a row, indicating that the bulls are in control. The current closing price is near the highs, with active buying. Prices are approaching recent resistance levels around 71,000 to 71,500 and 2,080 to 2,100, which may form short-term resistance.

The daily chart shows that the price has closed higher for four consecutive days, forming a clear upward trend and reflecting strong bullish sentiment. Technically, on the 4-hour chart, the MACD indicator's DIF and DEA lines are both above the zero line. After the DIF line crosses above the DEA line, it continues to diverge upward, with red momentum bars steadily increasing, indicating the market is in a strong upward trend with sufficient bullish momentum. However, there is no immediate news catalyst, so in the evening, we can expect some resistance and potential pullback.

Evening Trading Recommendations: Short Bitcoin around 70,300 to 70,800 with a target of 68,000 to 69,000; short Ethereum around 2,075 to 2,090 with a target of 1,990 to 2,020.