Gu Jingci: On 4.27, Bitcoin/Ethereum short positions declined as expected, and tonight we continue to look for a pullback and decline.



During the sharp rise in Bitcoin/Ethereum daytime trading, I decisively reminded to continue shorting or add to shorts near the current price of 79,100 and around 2,395. After the rally, the market pulled back and declined, with the lowest reaching around 77,400 and 2,307 so far. The overall space is quite good. Currently, after a dip in the afternoon around 1-2 pm, the market has remained in a narrow range of oscillation with no strength to rebound, still in a consolidation pattern of decline. There are no substantial positive signals externally, and there is even a risk of conflict escalation. The daily chart shows a rally followed by a large bearish candle, ending several days of upward trend. The market is expected to further decline.

Evening trading suggestions: Continue to short Bitcoin near 78,000 to 78,500, with targets around 75,500 to 76,500; continue to short Ethereum near 2,330 to 2,340, with targets around 2,230 to 2,260.
BTC-0,29%
ETH-1,36%
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sheSh
· 3h ago
Hop on now! 🚗
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sheSh
· 3h ago
Just charge forward 👊
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GuJingci
· 3h ago
Just charge forward 👊
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