Gu Jingci: Bitcoin/Ethereum's overnight prediction of a surge followed by a pullback remains unchanged.

2026-05-20 16:13:03
Shareshare
Since the successful pullback of Bitcoin/Ethereum around 76500 and 2100 last night, we again advised shorting above 77500 and 2135 during today's trading session. The price is currently near the entry point after the rally, making it a good time to enter short positions. The overall trend remains bearish, with a short-term rebound, which aligns with our strategy of buying low and selling high over the past few days. However, this range-bound market could end at any time, so it's crucial to focus on trend trading and securing profits. We recommended shorting Bitcoin/Ethereum around 77500 and 2140, with short-term targets at 75500-76500 and 2060-2090, and further down to 78500 and 2180.
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