Gu Jingci: 5.1 Bitcoin/Ethereum Evening Trading Strategy and Market Analysis

Bitcoin/Ethereum experienced a rebound and surge on the first day of May, but the rebound is not a reversal. Tonight, focus on breaking through the 78,500 to 79,000 and 2,350 levels; there is also a key resistance at the daily high of 79,500. During the rally, there's no need to chase longs; after multiple attempts to push higher, the highs and lows shift downward, indicating that after a surge, the market will continue to fall back. On the weekly chart, last week's close was around 78,600 and 2,368; as long as there is no effective breakthrough and stabilization above these levels, the bears have a good chance.

Evening trading suggestions: Bitcoin at current prices around 78,200 to 78,500, consider shorting with targets near 75,000 to 76,000; Ethereum at current prices around 2,310 to 2,320, consider shorting with targets near 2,200 to 2,240, with a stop at 79,500 and 2,360.

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