Gu Jingci: Bitcoin/Ethereum Trading Strategy with Market Analysis (May 5th)

The strategy of shorting Bitcoin/Ethereum above 2370 and 80000 has been repeatedly employed in recent days. Ethereum has seen multiple rallies followed by pullbacks, while Bitcoin has generally remained strong, breaking through previous highs multiple times. Currently, the price is consolidating after its recent surge. The 4-hour chart shows a large bullish candle with high volume, breaking through the previous consolidation range. The latest 4-hour candle is a small bearish candle with a small body and significantly reduced volume, indicating weakening upward momentum and a potential period of consolidation or pullback. On the daily chart, the price has closed bullish for several consecutive days, forming a clear upward trend. However, yesterday's daily candle had a long upper shadow, indicating some selling pressure above. Technically, the 4-hour MACD indicator shows both the DIF and DEA lines above the zero line, with the DIF line above the DEA line, and the MACD histogram is positive, indicating a strong bullish trend. The latest MACD histogram has slightly contracted, but the DIF and DEA lines are still rising, indicating that upward momentum remains, but a short-term correction is possible. Trading recommendations: Continue shorting Bitcoin around 80900 to 81300, with short-term targets around 77500 to 78500; Continue shorting Ethereum around 2380 to 2400, with short-term targets around 2280 to 2320, and further targets at 82000 and 2430.