Juxingci: 3.5 Bitcoin/Ethereum Morning Operation Strategy with Market Analysis

Bitcoin/Ethereum from the low point of 67,300 and around 1,940 on the white chart started a continuous震荡 rally, accelerating upward in the evening. The overall trend is strong and has broken through recent daily high points. In fact, those paying attention to the market should understand that this震荡 pattern originates from the rapid decline on February 5th. During the decline on February 5th, the high points were around 73,300 and 2,170, which can serve as short-term resistance levels to watch for a retracement.

The daily candlestick chart shows a massive bullish candle that engulfs the previous day's decline, indicating extremely optimistic market sentiment and strong bullish momentum. On the 4-hour chart, the last two candles are both bullish, but trading volume has recently decreased, showing some selling pressure above and suggesting that short-term upward momentum may slow down. Especially, the latest 4-hour candle's volume has shrunk significantly compared to the previous two bullish candles, combined with its relatively long upper shadow, which may imply weakening buying strength in the short term and warrants caution for a short-term pullback.

Early morning operation suggestions: Short Bitcoin at the current price of around 73,000 to 73,500, targeting 70,000 to 71,000; short Ethereum at the current price of around 2,140 to 2,160, targeting 2,040 to 2,070. If broken, continue to look at 69,000 and around 1,980, with the next support at 74,500 and 2,200.