Gu Jingci: 5.12 Bitcoin/Ethereum short positions are in line with expectations, continue to watch for a rebound and fall back in the early morning

Since yesterday morning's layout of short positions above 2380 and 82300 for Bitcoin/Ethereum, we have been continuously reminding to enter short positions, and the market has indeed fallen as expected, with good gains from the shorts. It’s hard to say that we haven't made money from this sustained oscillating market in recent days; just need more patience, and with proper position management, it’s only a matter of time to gain more space. However, after the market surged and then fell back in the early session, it has now dropped to around 80300 and 2260, breaking yesterday’s daily low, and showing daily and weekly level pullbacks. Under this pattern, the main view remains bearish, and the external US stock market has also ended its multi-day upward trend, with the structure likely to bring Bitcoin and Ethereum down along with the market.

Evening trading suggestions: Continue to short Bitcoin around 80700 to 81200, with targets around 78500 to 79500; continue to short Ethereum around 2280 to 2300, with targets around 2180 to 2220.

We are here every day, not to prove how high our win rate is, but to tell you that our team has been here all along, monitoring the market around the clock, professional and reliable. Analysis and strategies are for reference only, please manage your own risks. The article is not timely after review and publication; please follow real-time market conditions. #Gate广场五月交易分享 #TROLL两日涨超160% #Polymarket每日热点