Follow for updates, earn millions. Hello everyone, I am analyst Gu Jingci, here to share my views, hoping that every friend who follows can achieve good returns!
You can follow the public account Gu Jingci a, focusing on mainstream coin guidance and layout. Bitcoin/Ethereum has been continuously arranged to raise short orders in the past few days, overall Ethereum is strong, but also allows for margin space. The drop in Bitcoin is relatively smooth, directly seizing space. Currently, the market has rebounded after a dip, but the strength is not strong. A large bearish candle with a long upper shadow has appeared on the 4-hour K-line chart, forming a clear top reversal pattern, followed by a continuous price decline, indicating heavy short-term selling pressure. The daily chart shows a large bearish candle with a long upper shadow and a long lower shadow, confirming short-term top selling pressure, weakening bullish strength, and bears dominating.
Technical indicators on the 4-hour chart show that the DIF line has crossed below the DEA line to form a death cross, and the MACD histogram is negative and continues to enlarge, indicating short-term momentum has turned strongly bearish. Moreover, the daily chart has just begun to end several days of uptrend with a decline. The market has not stabilized, and the trend has further downside potential. Furthermore, the daily chart rose to the 1848 level in the morning, likely forming a double top structure, continue to raise shorts in the early morning and wait for the drop.
Trading suggestions: Continue shorting Bitcoin around 62800, supplement shorts around 63600, target around 61200; continue shorting Ethereum around 1785, supplement shorts around 1820, target around 1720, nephew 64400 and 1850.
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