Gu Jingci: Bitcoin/Ethereum Evening Trading Strategy with Market Analysis (May 1st)

Bitcoin/Ethereum saw a rebound on the first day of May, but this rebound is not a reversal. The key focus tonight is on whether the 78500-79000 and 2350 levels can be broken, with significant resistance at the daily high of 79500. There's no need to chase the rally; the multiple attempts to break higher followed by lower lows on the daily chart suggest a continued pullback after the initial surge. Looking at the weekly chart, last week's close was around 78600 and 2368. Unless there's a valid break and hold above these levels, the bears have a significant chance of success. Trading suggestions for tonight: Short Bitcoin around 78200-78500, with a target of 75000-76000; Short Ethereum around 2310-2320, with a target of 2200-2240, and further down to 79500 and 2360. We're here every day, not to prove a high win rate, but simply to let you know that our team is always there, monitoring the market 24/7, professional and reliable. 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 the real-time information.