Gu Jingci : 4.7 Bitcoin Ethereum short success retracement decline, market rallying shorting just in time

Bitcoin/Ethereum last night at 69700 and 2150 took short positions. The early morning retracement fell to around 68200 and 2087, with a decent overall space. Currently, the market has risen again; the rebound is not a reversal, just as I warned this morning, there is still room to decline. Be cautious about bottom fishing. We indeed did not bottom fish to go long, just waiting for opportunities to push higher and then go short. The daily candle closed with a long upper shadow and a bearish close, indicating the trend has already weakened. The market’s rise again is an opportunity; there is still room to fall. Often, capturing the space is the most important thing.

Evening trading suggestions: Bitcoin at 69200 directly continue to short, target around 66500 to 67500; Ethereum at 2130 continue to short, target around 2030 to 2060. Many times, if you cannot capture the space or the space is not enough, it’s just luck in trend judgment. Focus on trend swings and capturing good space.

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