Gu Jingci: Bitcoin/Ethereum Bulls and Bears Continue to Profit (with Overnight Market Analysis) 4.3
We repeatedly advised going long on Bitcoin/Ethereum, followed by continuous short-selling recommendations starting early last night, even suggesting adding to short positions during the daytime session. The price dipped to around 65700 and 2015 in the evening, with the overall decline clearly visible. Currently, the price is fluctuating after this dip, with the bulls seemingly showing signs of recovery, but in reality, the upward momentum is encountering significant resistance after the initial surge. While the 4-hour candlestick chart shows a bullish candle, the long upper and lower shadows indicate intense competition between bulls and bears around the current price level, making the market direction unclear. The daily chart shows a huge bearish candle, almost completely erasing the previous day's gains, with a long upper shadow – a strong bearish signal indicating that the short-term uptrend may have ended and the market faces downward pressure. The 4-hour MACD indicator shows a death cross, with the DIF line crossing below the DEA line, and the MACD histogram remaining negative and expanding, indicating increasing bearish momentum. The massive volume of the bearish candle further confirms the strong bearish sentiment and selling pressure, with bullish forces weakening and bears taking control. Evening Trading Suggestions: Continue shorting Bitcoin around 67200-67600, with a target of 64500-65500; continue shorting Ethereum around 2065-2080, with a target of 1960-2000. We're here every day, not to prove a high win rate, but simply to let you know that our team is always present, monitoring the market 24/7, professional and reliable. Analysis and strategies are for reference only; please bear your own risk. Article review and publication are not timely; please refer to real-time information.