Gu Jingci: Bitcoin/Ethereum repeatedly surged and then retreated on August 31st; the overall trend remains weak.

We've been consistently shorting Bitcoin/Ethereum recently, including last night, but the strategy was a bit aggressive, likely causing many to exit with losses. We, however, have been holding, as Bitcoin didn't break through resistance effectively; the highest point last night was only around 79380. We closed all our short positions around 2420 during the morning pullback. The price found some support around 76900 and 2385 this morning and has rebounded somewhat, but the rebound is weak. Looking at the hourly chart, there's still room for further upward movement. On the daily chart, the 5-day and 10-day moving averages have both turned downwards, indicating a continued bearish trend. Resistance is seen at the 78500-79000 level and around 2460. We can continue to short after any rebound, focusing on short-term support at 75500 and 2350. The market ended its weekend consolidation this morning, and with the monthly chart closing at 8 AM tomorrow, the trend will become clearer. Bitcoin has repeatedly failed to break the 80000 level, suggesting a potential for a significant pullback. The analysis and strategies provided are for reference only. Please assume all risks. The review and publication of this article may not be timely; please refer to real-time updates.