Analyst Gu Jingci: 10.10 Bitcoin/Ethereum Evening Trading Strategy with Market Analysis

Bitcoin/Ethereum has repeatedly reminded to go short in the early stages, and earlier reminded to go long near the bottom of 80500 and 2400. Subsequently, the market was in a consolidation phase. Yesterday, it also reminded to go short near 2520 and 83000-83500, and the price surged higher before falling back to 82200 and 2470. The space for short positions was limited, but there were still some gains. Currently, the market is in a consolidation phase during the weekend, and the strength of both long and short positions is not strong. On the 4-hour chart, after a sharp drop with increased volume, the market is now in a low-level consolidation, with both long and short forces in a stalemate. The latest candlestick is a small body cross, indicating an unclear market direction. The daily chart confirms the recent significant decline, followed by a small rebound, but the rebound strength is weak and has not effectively recovered the lost ground.