Trader Gu Jingci: Bitcoin/Ethereum Evening Trading Strategy and Market Analysis for October 16

After Bitcoin/Ethereum retraced into long positions last night, the short position strategy around 82,400 to 82,800 for Bitcoin and 2,440 to 2,460 for Ethereum was set up overnight. Bitcoin's overall volatility remains low with no significant movements—only fluctuating a few hundred points back and forth. In contrast, Ethereum surged from a low of 2,315 to a high of approximately 2,490 by evening, showing a clear rebound. Our long positions in Ethereum only captured 70-80 points before being caught in the current short positions, but the situation isn't critical. During the recent rally, we added positions at 2,490, bringing the average entry price to around 2,465–2,470. Bitcoin didn’t offer a chance for additional entries; hence, we’ll continue monitoring resistance at 83,000 to assess breakout and stabilization. For Ethereum, focus shifts to the 2,500 level. Evening trading suggestions: Enter short at 82,800 for Bitcoin, targeting 81,000–81,500; enter short at 2,480 for Ethereum, aiming for 2,410–2,380. Analysis and strategies are for reference only—risks are borne at your own discretion. The article’s review and publication lack timeliness; actual trades should follow real-time data!