Gu Jingci: Bitcoin/Ethereum mainly pulled back and declined in the early morning of 4.2

Since last night early morning and the opening of the market, Bitcoin/Ethereum has been moving sideways with consolidation, which is very similar to the previous sharp drop from 2386 to just above 2300. It feels like it can't go down further and is just consolidating sideways instead of falling. However, the market has reached a critical resistance point. The eight-hour Bollinger Bands are narrowing downward, indicating a short-term pullback and potential decline. Tonight, the Bottleneck also repeatedly reminded to go short directly, including during the early morning rally, which also suggested entering short positions directly. Be patient and wait for the market to develop; the pullback and decline in the early morning remain unchanged. After the pullback last night, many were afraid of further decline, so they went long. Today, as it rises, many are afraid to go short again. Having respect for the market is good, but there's no need to over-interpret. Manage your positions well.

Friends who didn't enter the market in the early morning can go short now at 68,900 and 2,140, targeting 66,000 to 67,000 and around 2,000 to 2,050.

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