Follow and keep watching to achieve substantial gains. Hello everyone, I am analyst Gu Jingci. Here, I share my insights in hopes that every friend who follows along can achieve good profits!
Bitcoin/Ethereum have previously received multiple reminders to enter shorts, and previously, when touching the bottoms around 80,500 and 2,400, there were reminders to enter longs, followed by sideways consolidation. Yesterday, there was another reminder to enter shorts around 2,520 and 83,000 to 83,500. After a surge, the market pulled back to around 82,200 and 2,470. Overall, the short space was limited but still generated some returns. Currently, the market is consolidating sideways through the weekend, and the continuation of both bulls and bears is not strong. On the 4-hour chart, after experiencing a heavy drop with high volume, it is now oscillating at a low level with forces evenly matched. The latest candlestick is a small-bodied doji, indicating indecision in market direction. The daily chart confirms the recent significant decline, followed by a slight rebound, but the rebound is weak and has not effectively reclaimed lost ground.
The monthly chart shows that a large bearish candle is forming this month, erasing last month's gains, indicating that the long-term trend may be weakening. In terms of technical indicators, on the 4-hour chart, both the MACD DIF and DEA are running below the zero line, signaling a bearish trend. The MACD bars have turned positive and continued to grow, but the DIF has not yet crossed above the DEA, indicating that short-term downward momentum is easing and there may be a need for a rebound. However, the trend has not reversed, and the overall trend remains weak. Rebounds can continue to be used as opportunities to enter new shorts at higher levels.
Tonight's trading advice: for Bitcoin, continue to enter shorts near 83,000 to 83,500, targeting around 81,500; for Ethereum, continue to enter shorts near 2,500 to 2,520, targeting around 2,450.
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