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Gu Jingci: 5.13 Bitcoin/Ethereum Trading Strategy with Market Analysis
Since Bitcoin/Ethereum has been shorting all the way from the earlier highs of 82,300 and 2,380, the lowest level reached last night came to around 79,800 and 2,255. Overall, the available space is still very good. The current market has rebounded somewhat, but the rebound strength is not strong—more like a recovery after a rapid short-term drop. On the daily chart, the overall trend for Ethereum is still weak; the price above is comprehensively suppressed by the MA moving average indicator around 2,320 to 2,330. BTC looks strong on the surface, but it is actually “sucking liquidity” from other coins in the short term. This kind of strong, choppy market won’t last long, and there is still relatively ample room for the next pullback. The “raise-to-sell” short positions placed again last night happen to be around the current price area, so you can continue to enter short directly.
Trading suggestions: For Bitcoin, enter short around 81,200 to 81,500, with targets around 78,500 to 79,500; for Ethereum, enter short around 2,300 to 2,320, with targets around 2,200 to 2,250.
We’re here every day—not to prove how high our win rate is. We just want to tell you that our team has been here the whole time, watching the market all day and night, 24/7, professional and reliable. The analysis and strategies are for reference only; risk is your own responsibility. The review and publication of the article do not have real-time timeliness—please refer to the live situation instead.
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