Gu Jingci: 7.6 Bitcoin/Ethereum hit highs and fell back as expected; continue to short on rallies



Bitcoin/Ethereum: During the day, we repeatedly reminded of short positions at 63400 and 1785. The price dropped to around 61300 and 1728, resulting in good gains from the shorts.

Currently, the price is rallying again, once more offering an opportunity to short. There is clear resistance above, and the market is oscillating between longs and shorts with weak continuity. We need to manage trend fluctuations carefully and secure profits. After a high-level consolidation on the 4-hour chart, the Bollinger Bands are tightening. With this high-level oscillation failing to break the high and lows gradually moving lower, it is highly likely that the price will continue to spike and then fall.

Evening trading suggestion: Bitcoin: Continue to short around 63500-63800, target around 61000-62000; Ethereum: Continue to short around 1785-1800, target around 1680-1720.

#GT二季度销毁257万枚 #预测世界杯葡萄牙VS西班牙 #Vitalik公布精简以太坊路线图
BTC1.27%
ETH0.42%
GT0.89%
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LikeMaple
· 4h ago
Goes up very fast.
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