Gu Jingci: 3.30 Bitcoin/Ethereum Morning Trading Strategy and Market Analysis

Bitcoin/Ethereum finished their weekend sideways consolidation in the early session, quickly dropping to around 1936 and 64900 before rebounding sharply again, leaving a long lower shadow. This indicates that the overall support below is strong, and the long lower shadow also favors further upward movement. The latest 4-hour candlestick chart shows a long lower shadow, indicating strong buying support after a significant decline.

The daily chart shows consecutive large bearish candles accompanied by high volume, suggesting the market is in a panic sell-off phase with a strong bearish trend. The latest daily candle also has a long lower shadow, implying that the short-term downward momentum is weakening.

Technical indicators: On the 4-hour chart, the MACD DIF and DEA lines are both below zero. The DIF line has formed a golden cross above the DEA line, and the MACD histogram is positive. This indicates that the short-term downward momentum is slowing, showing signs of an oversold rebound. The key point is that this dip to around 1930 and 65000 coincides with a stable rebound near the previous important support zone at 1930 and 64500, also signaling a potential trend reversal.

Morning trading suggestions: Buy near Bitcoin 65500 to 66000, with targets around 67500 to 68500; buy near Ethereum 1960 to 1980, with targets around 2050 to 2100.

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