Follow and stay tuned for profits worth millions. Hello everyone, I'm analyst Gu Jingci. I'm here to share my insights, hoping that everyone who follows along will be able to achieve good returns!
The short order strategies for Bitcoin/Ethereum that were repeatedly highlighted last night and during today's day session have likely yielded over 3,000 points and 100 points, respectively, for those who followed. With several public setups throughout this week, the overall profit space for Ethereum alone has reached at least 300 points. Since breaking the 82,000 and 2,400 levels this afternoon, the overall trend has remained weak with limited rebound strength. The 4-hour chart has experienced a significant decline recently, accompanied by high trading volumes, indicating strong selling pressure. The latest candlestick has a small body and extremely low trading volume, suggesting the market is in a state of hesitation or consolidation in the short term.
On the daily chart, the rally ended with a large bearish candle and high trading volume, confirming strong short-term bearish sentiment and erasing the gains of the previous two days. Technically, the DIF line on the 4-hour chart has crossed below the DEA line, and both lines are operating below the zero axis. The MACD histogram is negative and continues to expand, clearly indicating a strong downtrend. Going forward, continue to focus on the 79,500 and 2,300 support levels below, and on the 84,000 and 2,480 resistance levels above.
Late-night trading suggestion: Go long on Bitcoin near 80,800 to 81,200 with a target around 82,500; go long on Ethereum near 2,355 to 2,375 with a target around 2,430.
