Follow and keep watching for significant gains. Hello everyone, I am analyst Gu Jingci. I share my views here, hoping that everyone who follows can achieve good returns!
For Bitcoin/Ethereum, the short positions set up again during yesterday's price rebound at 79,200 and 2,510 were effective, as the market dropped all the way to around 77,700 and 2,440 after a surge, presenting a good overall range. The daily chart shows three consecutive bearish candles indicating a weakening trend, and the three-day chart also displays a rounded top pattern, suggesting there is still further downside potential ahead. From the perspective of daily and four-hour MA indicators, the 5-day and 10-day moving averages are turning downward, currently capping the price around 2,490 and 79,000. As the market rebounds, it is advisable to continue entering short positions.
Trading recommendations: Continue to open short positions in Bitcoin near 78,500–79,000, targeting around 77,000; for Ethereum, continue to short near 2,480–2,500, targeting around 2,380–2,430.
