Follow for more insights and substantial profits. Hello everyone, I am analyst Gu Jingci. I share my views here, hoping that every friend who follows along can achieve good returns!
Earlier, I repeatedly reminded everyone to enter short positions for Bitcoin/Ethereum, and the market indeed surged and then pulled back, declining as expected. I believe friends who followed the strategy have already succeeded. During the early session, after dipping to 23,150 and 80,100, the market rebounded slightly, but the rebound was not strong, and the trend remains weak, especially after directly breaking the previous major support lows at 80,500 and 2,350. A rebound does not mean a reversal, and there is still room for further decline. On the 4-hour chart, consecutive bearish candles indicate strong bearish momentum and continued downward pressure. However, since the decline has been fast in the short term, there may be some minor corrections. Watch for resistance near 82,500 and 2,450 above, and for support near 78,000 and 2,250 below.
Trading advice: Go long on Bitcoin in the 80,400–80,800 range, targeting around 82,000; go long on Ethereum in the 2,330–2,350 range, targeting around 2,390. If the market rallies above 82,000 and 2,410, consider entering shorts to look for a pullback and decline.
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