Gu Jingci: Bitcoin/Ethereum short positions closed for profit at 4.16, with a focus on shorting again after a late-night rally

The early market repeatedly reminded of the short idea above 74,800 and 2,355 for Bitcoin/Ethereum. The price dipped to around 73,200 and 2,280 in the evening, overall breaking through a good space. Currently, the market has rebounded, and the pullback trend provides an opportunity to re-enter short positions as the price rises. On the four-hour chart, the latest candlestick is a large bearish candle accompanied by increased volume, indicating strong short-term selling pressure. The daily chart shows that after a rapid upward move, recent candles display long upper shadows and a large current bearish candle, indicating weakening upward momentum and that the market is entering a correction phase.

On the technical indicators, the MACD on the four-hour chart has crossed below the signal line, forming a death cross, with the MACD histogram showing negative values that continue to expand, confirming the short-term bearish trend is established and strengthening. Additionally, the latest four-hour candlestick volume has significantly increased, accompanying the price decline, confirming the validity of the current downward trend. On the daily chart, during the previous upward movement, volume was large; although there is a decline now, the volume is relatively smaller than in previous days, so attention should be paid to subsequent volume changes.

After closing the morning short positions with a profit and rallying higher, continue to short. Trading suggestions: Bitcoin at current price around 74,500 to 74,800, continue to short with targets around 72,000 to 73,000; Ethereum at current price around 2,330 to 2,350, continue to short with targets around 2,240 to 2,270, and if broken down, look further toward 70,500 and 2,200.

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