Gujingci: 5.6 Bitcoin/Ethereum Trading Strategy with Market Analysis



Yesterday, the strategy was to short above 81,000 for Bitcoin and 2,380 for Ethereum. The overall trend of Bitcoin remains strong; after a rally, it did not pull back and shows signs of strengthening. Meanwhile, Ethereum, after rising, moved sideways with some pullback, dropping to around 2,352, leaving little room for further decline. The 4-hour chart recently shows the market rising and then consolidating within a range, with bullish and bearish forces in a tug-of-war. Multiple attempts to push higher have been accompanied by long upper shadows, indicating selling pressure above and clear resistance to upward movement. The bullish momentum is weakening.

In terms of technical indicators, the DIF and DEA lines are still above the zero line, but the gap between them is narrowing. The MACD histogram has shortened from long to short bars, indicating that short-term bullish momentum is waning and there is a risk of a death cross. Currently, many believe that Bitcoin's strong rally will lead Ethereum to catch up, but I hold the opposite view. If Bitcoin pulls back, Ethereum could fall even more. In the short term, focus on resistance at 82,000 and 2,400; support levels are at 80,000 and 2,340. A break below support could lead to further declines.

Trading suggestions: Continue short positions around 81,600 to 82,000 for Bitcoin, targeting 78,000 to 79,000; for Ethereum, short around 2,380 to 2,400, targeting 2,250 to 2,300, with a stop at 82,500 for Ethereum and 2,430 for Ethereum.
BTC-0.07%
ETH-1.17%
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Bull111
· 10h ago
Just charge forward 👊
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Long-ShortEquityStrategyMaster
· 14h ago
🤣🤣🤣 I've been empty for a long time, can't wait for 80 haha
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GuJingci
· 15h ago
Starting to decline above 2380 daily, not shorting, is it difficult to chase longs?
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Long-ShortEquityStrategyMaster
· 18h ago
Just kidding, don't be mad haha funny joke
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Long-ShortEquityStrategyMaster
· 18h ago
Other streamers are all watching the supplement, in their eyes you're this rebellious son 🤣🤣🤣🤣
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Long-ShortEquityStrategyMaster
· 18h ago
Just charge forward 👊
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