Hello everyone, I am analyst Gu Yue. A month has passed quickly, and today is the last day of March. After a brief rebound last week, the market has once again fallen, with Bitcoin dropping from over $88,000 to currently $81,000, and Ethereum falling from above $2,000 to currently $1,780. The decline in the market is continuing to widen. Currently, the entire cryptocurrency market is still in a winter phase. Many people thought the brief rebound indicated the start of a bull market, but the result has been disappointing. The downward trend has not changed yet. Tonight, it is advisable to focus on short positions.

Technical Analysis

From a technical perspective, the K-line shows a ladder-like decline. Currently, the Bollinger Bands are gradually narrowing. After continuous declines, the market is gradually entering a phase of consolidation. The KDJ has formed a death cross, and the Bollinger Bands are moving downwards. The MACD green energy bars are gradually increasing, and the downward trend will continue. The market will further decline tonight.

Trading Suggestions

For Bitcoin, it is recommended to short around $81,500 with a target of $80,000.

For Ethereum, it is recommended to short around $1,790 with a target of $1,700.

There are many types of investments. Choosing the one that suits you is very important. There are many paths, and selecting the right guide is crucial. I am Gu Yue, interpreting world economic news, analyzing global investment trends, providing daily market analysis, offering you the latest trading strategy ideas, professional investment consulting services, and helping you reach the pinnacle of financial management. $BTC