Gu Jingci: 5.25 Bitcoin's three positive candles do not break the negative, decisively clear the position; Ethereum will not catch up!



Bitcoin/Ethereum, after successfully rallying from the previous low of 74,400 and the 2020 long position setup, last night’s new high short-selling strategy saw the price dip to around 76,000 and 2,060 in the early hours. The pullback was not significant, but Bitcoin's overall trend remains strong. I previously shared that once Bitcoin strengthens and altcoins and shanzhai coins do not show much performance, do not expect altcoins to catch up; the weak will only become weaker. Moreover, Bitcoin's daily chart shows three consecutive positive candles without breaking the negative, so decisively clear the position. Focus only on the key resistance at 78,000 to 78,500 above Bitcoin. On the external side, with the US stock market closed tonight and crude oil plunging sharply, it did not boost the crypto market. If crude oil rises again later, the crypto market will also pull back.

Trading suggestion: Short Bitcoin near the current price of 77,400, targeting around 75,000 to 76,000; short Ethereum near the current price of 2,110, targeting around 2,030 to 2,060, with the next support at 78,500 and 2,150.
BTC0.13%
ETH-0.48%
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AutumnFall
· 2h ago
Boarded the vehicle
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Bull111
· 4h ago
Hop on now!🚗
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Bull111
· 4h ago
Just charge forward 👊
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I_mGonnaFuckYouWith
· 6h ago
Already on board
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GuJingci
· 7h ago
Hop on now!🚗
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GuJingci
· 7h ago
Just charge forward 👊
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