Gu Jingci: Multiple reminders of short positions on Bitcoin/Ethereum since April 28th have successfully been taken, with early morning analysis included

Since yesterday morning, Bitcoin/Ethereum has repeatedly been above 2395 and 79100 and 2330 and 78000, reminding to short smoothly; the market has been rising sharply and then falling back, capturing over 3000 points and 150 points of space, all clearly visible. Currently, after the market dips, it is fluctuating narrowly, and the overall trend has already begun to reverse, forming a daily-level retracement decline. On the candlestick pattern, the 4-hour chart shows that after a surge, there was strong selling pressure, with consecutive large bearish candles accompanied by massive declines, forming an obvious top reversal pattern.

The latest 4-hour candlestick is a bearish candle, closing below the opening price and below the previous candle's opening price, indicating that the bearish force dominates and the market continues to weaken. On the 4-hour technical indicators, the DIF line has crossed below the DEA line to form a death cross, and the MACD histogram is negative and continues to expand, showing strong bearish momentum and a downward trend. Additionally, during yesterday’s surge and fall, there was a sharp decline accompanied by massive volume, indicating large capital fleeing and strong selling pressure.

Morning trading suggestions: Continue short positions around 76900 to 77300 on Bitcoin, with targets around 74500 to 75500; continue short positions around 2290 to 2310 on Ethereum, with targets around 2200 to 2230.

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