Good morning everyone, I am Gu Yue. Today is Monday, March 17th. The short position suggestion I provided last week has also reached a take profit this morning, with Ethereum dropping to around $1860 and Bitcoin falling to around $82000. After two days of waiting, we have ultimately achieved great success. Although the take profit may be delayed, it will definitely come. Our two days of patient waiting have not been in vain. Currently, the market trend is still primarily bearish, and the decline continues. Those who have not closed their short positions can continue to hold and wait for further declines.

Technical Analysis

Currently, the Bollinger Bands are opening downwards. After rebounding to the middle track, the market has once again declined. There is significant pressure above, and an effective rebound cannot be formed. The DIF line and DEA line are operating below the 0 axis, with the MACD green energy bars gradually increasing. The KDJ has formed a death cross. After analyzing multiple indicators, the market is expected to decline further. This morning, I suggest that all cryptocurrency friends maintain a bearish stance.

Trading Suggestions

For Bitcoin, it is recommended to short around $83000 with a target of $81500.

For Ethereum, it is recommended to short around $1910 with a target of $1850.

There are many types of investments, and it is important to choose the one that suits you. There are many paths, and it is crucial to choose the right guide. I, Gu Yue, interpret world economic news, analyze global investment trends, and provide daily market analysis to offer you the latest trading strategy ideas and professional investment consulting services to help you reach the peak of financial management.

This article only represents personal opinions and is for reference only. It should not be used as a basis for actual operations. Market conditions are unpredictable, and profits and losses are self-responsible. For the latest trading strategies, please follow the public account: Gu Yue KOL.

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