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Gu Jingci: Bitcoin/Ethereum bullish and bearish space is fully stretched
During the early rally of Bitcoin/Ethereum, continuous reminders to enter short positions were given above 2400, 2380, 2320, and 2300, and the market also surged higher then pulled back and declined. Last night to today’s daytime session, after warning of a decline, the market moved sideways, with good profit space from shorting high and buying low in the 2100 to 2160 range. I believe friends following the Silk Road also saw the space fully stretched. Tonight, again reminding to close short positions from the daytime session and prepare to enter long positions. Patience and holding through the early morning wait for a rally.