【March 13】Bitcoin/ETH Midday Short-term Strategy

Bitcoin bounced back last night after testing support, but unfortunately failed to break through the 71,300 level and is now hovering around 70,000. The bulls and bears are in a tug-of-war, neither willing to give ground.

However, looking closely, this pullback clearly found support around 69,300 with a long lower shadow, indicating that the 69,000 level is temporarily safe. The daily chart has closed three consecutive bullish candles, but a high-level doji appeared early this morning—not a good signal. A short-term pullback is likely as the market shakes out weak hands before another push up.

Technically, the 4-hour MACD is still in a golden cross, but the histogram is shrinking, suggesting the bulls are running out of momentum. The daily level shows it more clearly with a bearish divergence present, meaning the rally lacks substance and needs a breather. Looking at moving averages, while price is still above the EMA30 (69,562), the short-term EMA7 is starting to flatten, and support is weakening.

Currently, it's a wide-range oscillation—when it rises too much, it falls; when it falls too much, it rises. Operationally, don't get emotional. Short the upper band, long the lower band. If it can't break above 71,200, short one contract; when it comes back to around 69,500, re-enter long. Don't expect immediate breakthroughs, and don't fear sudden crashes. Play it slowly within the range.

ETH is simpler—it failed to break 2,100 and has retreated back into range. Watch the 2,030 support and 2,100 resistance. Follow whichever breaks; if neither breaks, short at highs and long at lows.

Bitcoin Operation Strategy:
Short at 71,300 range, stop-loss 72,200, target 69,500
Long at 69,600 range, stop-loss 68,700, target 71,200

ETH Operation Strategy:
Short at 2,155 range, stop-loss 2,200, target 2,075
Long at 2,065 range, stop-loss 2,020, target 2,140
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