Gu Jingci: Bitcoin/Ethereum Trading Strategy and Market Analysis (August 22nd)

Bitcoin/Ethereum surged in the afternoon before pulling back and entering a sideways consolidation phase. Our afternoon short positions also saw declines to around 76300 and 2355. Currently, the price is rebounding again, but the probability of breaking the high again in the short term is not high. However, this doesn't mean there won't be further upward movement; it simply means the recent rapid rise will likely lead to a slight pullback. With the weekend approaching, we expect a slight pullback after the initial surge, followed by another attempt to break the high, potentially forming a double top pattern without breaking the high or a pullback near the high. That's when the real decline will begin. It's too early to say now; we can only expect a pullback or consolidation at higher levels. Early morning trading suggestions: Bitcoin short around 77500-78000, target around 76000; Ethereum short around 2400-2420, target around 2320-2350. Analysis and strategies are for reference only; please bear your own risks. Article review and publication are not timely; please refer to real-time information.