Gu Jingci: Bitcoin and Ethereum short positions successfully retraced and declined, the market pushed higher, making it a good time to short.

Last night, around 69700 for Bitcoin and 2150 for Ethereum, short positions were taken. The market retraced and fell back to around 68200 and 2087. Overall, the space was quite good. Currently, the market has risen again. The rebound is not a reversal. As I mentioned earlier, there is still room for the market to decline. Be cautious when bottom-fishing. We did not bottom-fish or go long; we are waiting for opportunities to push higher and then short again. The daily chart shows a long upper shadow and a bearish close, indicating the trend has already weakened. The market’s rise again is just an opportunity; there is still room to fall. Often, capturing the space is the most important.

Evening trading advice: For Bitcoin, at the current price of 69,200, continue to short with a target around 66,500 to 67,500; for Ethereum, at the current price of 2,130, continue to short with a target around 2,030 to 2,060. Many times, if you cannot capture the space or the space is insufficient, it’s just luck in trend judgment. Focus on trend swings and capturing good space.

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