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Gu Jingci: Bitcoin/Ethereum saw upward and downward wick spikes after the CPI data; the evening rally will still be followed by further declines



During the daytime session, shorts were set above 77500 and 2480 for Bitcoin/Ethereum. After the data was released, prices dipped to around 2430 and 75800, essentially reaching the targets. The market then launched another rebound and rally, reaching highs near 2514 and 78100. The evening data was somewhat bearish, and the rally once again provided an opportunity to enter short positions. The current trend remains downward, and even if the market surges, it will continue to retrace and decline.

Evening trading recommendations: Continue shorting Bitcoin at the current price of 77600, with a target near 76000; continue shorting Ethereum at around the current price of 2500, with a target around 2400 to 2430. The analysis and strategies are for reference only; assume all risks yourself. Article review and publication are not timely, and real-time conditions shall prevail! #CoinDesk披露GateRWA永续合约全球Top3 #8月核心CPI超预期 #GateMeme
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BTCBTC+2.70%
ETHETH+7.53%


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YunYun_ksqsk10s
17 minutes ago
ETH short at 2,500 was stopped out at the highest point, sigh.
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YaoDiPeople
22 minutes ago
It’s already blown up 😂😂😂
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MarketTrendsAreTooDifficult.
25 minutes ago
First Review
Shorted at 2500—it's over.
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