Gu Jingci: 4.7 Bitcoin Ethereum short positions successfully retraced and declined, the market pulled higher, and it is the right time to short.

Bitcoin/Ethereum last night at 69700 and 2150 entered short positions. Early in the morning, the price retraced and fell to around 68200 and 2087. The overall space is still good. Currently, the market has risen again; a rebound is not a reversal. As mentioned in the early morning reminder, there is still room for decline. Be cautious when bottom fishing. We indeed did not bottom fish to go long, just waiting for the opportunity to go short after a pull-up. The daily chart closed with a long upper shadow and a bearish candle, 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.

Evening operation suggestions: Bitcoin at the current price of 69200, continue to short, with targets around 66500 to 67500; Ethereum at the current price of 2130, continue to short, with targets around 2030 to 2060. Many times, failing to capture the space or not capturing enough space is just luck in trend judgment. Focus on trend swings and securing good space.

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