Trader Gu Jingci: 11.5 Bitcoin/Ethereum Overnight Trading Strategy with Market Analysis

Bitcoin/Ethereum ended their multi-day winning streak, with stop-losses triggered at 79,000 and 2,350 during the evening rally—this was previously mentioned. The price has now surged to a high of around 81,100 and 2,450, showing a clear upward move. However, this rapid rise is driven by the release of negative sentiment following the U.S. midterm elections, without any actual positive news catalysts. Additionally, the market has reached the previous daily resistance levels at 82,000 and 2,480, which may act as short-term pressure. Further short positions can be considered for an upcoming drop overnight. Overnight trading suggestion: Enter short positions for Bitcoin near 80,500 to 80,800, targeting 79,000; for Ethereum near 2,435 to 2,450, targeting 2,360, with further downside possible if breakouts occur toward 77,500 and 2,310.