Gu Jingci: 5.8 Bitcoin/Ethereum repeatedly alert for short positions, fully winning, pushing higher to continue shorting

The short position strategy on Bitcoin/Ethereum that has been repeatedly reminded over the past few days shows that the overall space has been fully utilized. Currently, the market has dipped and is consolidating sideways, with a relatively weak rebound strength, a typical downward correction pattern, and the weekly chart just beginning to retrace, leaving more room for decline below. Four-hour candles continue to close lower, with the closing price near the lowest point, but the decline has narrowed, possibly indicating short-term selling pressure is easing. However, the overall trend remains downward, with daily and weekly bearish forces dominating, and prices continue to fall. From the perspective of daily moving averages, after breaking through, the price is suppressed by the moving average indicators, and short positions are continued on rallies.

Trading suggestion: Continue to short Bitcoin around 79,500 to 80,000, with targets near 77,000 to 78,000; continue to short Ethereum around 2,280 to 2,300, with targets near 2,190 to 2,230.

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