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Gu Jingci: Bitcoin/Ethereum shorts yesterday won big, early session rally continues to go short
Bitcoin/Ethereum shorts repeatedly reminded yesterday, with the market dropping to 61,500 and 1,712, the overall space directly maxed out. Currently, the early session has seen a slight rebound, but the resistance above is obvious. The MA moving averages on the daily and 4-hour levels are suppressing near 1,770 and 63,000, and the moving averages are turning downward. The trend has already shifted. Without an effective volume breakout, the rebound is also giving another opportunity to go short.
Early session trading advice: Bitcoin go short near 62,400-62,800, target near 61,000; Ethereum go short near 1,745-1,760, target near 1,670-1,700; Solana go short near 78.2-78.6, target near 76.
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