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 retraced, with Bitcoin dropping from over $88,000 to the current $81,000, and Ethereum falling from above $2,000 to the current $1,780. The decline in the market is continuing to expand, and the entire cryptocurrency space is still in a winter phase. Many people thought the brief rebound indicated the start of a bull market, but the results have been disappointing. Currently, this downward trend has not changed. Tonight, it is recommended to focus on short positions.

Technical Analysis

From a technical perspective, the K-line is showing a stepwise decline. The Bollinger Bands are gradually narrowing, and after a continuous decline, the market is moving towards consolidation. Currently, the KDJ has formed a death cross, and the Bollinger Bands are moving downwards. The MACD green energy bars are gradually increasing, indicating that the downward trend will continue, and 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, and it is important to choose what suits you best. There are many paths, and choosing the right guide is crucial. 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 represents personal views only 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 at your own risk. For the latest trading strategies, please follow the public account: Gu Yue KOL.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。