Gu Jingci: 7.3 Bitcoin/Ethereum Evening Trading Strategy with Market Analysis



Bitcoin has been oscillating around 62000 from last night to today, while Ethereum rose from 1710 last night to around 1750 this evening, just starting to pull back around 1750 to 1760. We also saw that Bitcoin did not rise much and directly topped up our Ethereum position around 1750.

Previously, Ethereum has oscillated multiple times around 1750 to 1770, forming a certain top-bottom conversion accordingly. There is no need to chase long positions before an effective breakout and hold, but the support below is also constantly moving up. The daily and 4-hour MA lines are turning upward, but some points are offset due to the moving average deviation.

Currently, the MA support below Ethereum is around 1620 to 1650. If the price rises, do not chase longs; you can directly enter short positions.

Evening operation suggestions: Enter short positions on Bitcoin around 62000 to 62500, target around 60500; enter short positions on Ethereum around 1740 to 1760, target around 1680, nephew sun 63000 and 1780.

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ETH2.68%
BTC1.07%
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GuJingci
· 5h ago
Steadfast HODL💎
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GuJingci
· 5h ago
Buy the dip and enter 😎
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GuJingci
· 5h ago
Just go for it 👊
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