Follow for more, earn millions. Hello everyone, I am analyst Gu Jingci. Here I share my views, hoping that every friend who follows can achieve good returns!
Follow the public account Gu Jingci, focused on mainstream coin guidance and layout. The short-selling idea for Bitcoin/Ethereum has been repeatedly mentioned in the past few days, with the overall space coming to a full stretch. Currently, the market is consolidating after a decline, and the overall rebound strength is weak, showing a typical continuation pattern of decline. The weekly level has just begun to pull back, and there is still room for further declines below. The 4-hour chart continues to close in the red, with the closing price close to the low, but the decline has narrowed, which may suggest that short-term selling pressure has eased. However, the overall trend remains downward, with bearish strength dominating on the daily and weekly charts, and prices continuing to decline. According to the daily MA indicators, after breaking, it is suppressed by the moving average indicators, continue to short at highs.
Operation suggestions: Continue to short Bitcoin around 79,500 to 80,000, with targets around 77,000 to 78,000; continue to short Ethereum around 2,280 to 2,300, with targets around 2,190 to 2,230.
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