Gu Jingci: Bitcoin/Ethereum Morning Trading Strategy with Market Analysis (May 11)

Bitcoin/Ethereum experienced another round of sharp spikes and dips in the early morning session before rallying, reaching highs of 82400 and 2383 respectively. Bitcoin is now just a hair's breadth away from its recent daily high of 82800. Our short positions initiated over the weekend were unfortunately forced out; mistakes must be admitted, and we certainly didn't manage this well. Currently, the price has risen below its high, and the key levels to watch are 83500 and 2430. Without a break and hold above these levels, the price may form a double top and fall back. At this point, there's no need to look for a breakout; simply enter short positions near the resistance levels where prices have repeatedly tested and fallen. Trading suggestions: Bitcoin: Enter short positions around 82300-82800, with a target of 79000-80000; Ethereum: Enter short positions around 2380-2400, with a target of 2250-2300.