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Gu Jingci: Bitcoin/Ethereum Short Positions Fall Again as Expected, Further Downside Potential in the Evening
Bitcoin/Ethereum shorted at last night's 72500 and 2250, retraced to around 70500 and 2150. Subsequently, shorts were opened again this morning around 71500 and 2220. The market rallied and pulled back, with the lowest point reaching around 69400 and 2140. Overall space remains quite favorable. Currently, the overall trend is weak with insufficient rebound strength. After breaking above, a top-to-bottom conversion has formed under pressure. There may be further downside space in the evening and early morning hours. Watch the 68000 and 2100 levels below.
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