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



Bitcoin has been consolidating around 62000 since last night to today, while Ethereum rose from 1710 last night to around 1750 this evening, just starting to fall back around 1750 to 1760. For Ethereum, we also saw that Bitcoin did not have much upward movement, so we directly added to positions around 1750.

Previously, Ethereum has consolidated multiple times around 1750 to 1770, correspondingly forming a certain top-bottom conversion. Before an effective breakout and hold, there is no need to chase longs. However, the support below is also continuously moving up. While the daily and 4-hour MA moving averages are turning upward, there is also some point deviation due to moving average offset.

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

Evening operation suggestion: Bitcoin short around 62000 to 62500, target around 60500; Ethereum short around 1740 to 1760, target around 1680, stop loss at 63000 and 1780.
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ETH0.85%
BTC0.86%
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