Analyst Liang Qiu: 10.15 Bitcoin and Ethereum short positions are closed and can continue to short in the evening
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During Bitcoin and Ethereum's upward surge, decisive short positions were again entered near 4190 and 113100. The market then continued its decline to 111600 and 4085, gaining over 1500 points and 100 points, respectively. The market has rebounded somewhat, but the momentum is modest. The four-hour chart is about to close with a long upper shadow, suggesting further declines. Bitcoin's overall trend is weak. Ethereum has failed to effectively follow the upward trend over the past two days, and its decline has been unreserved. The daily chart shows a series of downward trends. Expect a further decline in the evening. Tonight's trading recommendations: Continue shorting Bitcoin between 112200 and 112700, with a target near 110500; continue shorting Ethereum between 4110 and 4140, with a target near 4000. This post is time-sensitive, so please be aware of the specifics in real time.
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