Gu Jingci: Bitcoin/Ethereum Morning Trading Strategy with Market Analysis (May 4th)

Bitcoin/Ethereum surged again in early trading, with Bitcoin even breaking its recent high to around 80,200, showing a clear strengthening trend. However, Ethereum and altcoins did not rise significantly during Bitcoin's strong rally, foreshadowing a rapid pullback in Ethereum and altcoins after Bitcoin's surge. For Bitcoin, watch for resistance at 80,500 and 81,000. Short positions can be initiated with a target of 81,000 as a potential pullback level. Ethereum should be followed closely with patience, as its 4-hour trend channel has formed, with significant resistance around 2380-2400, and lower highs and lows. Early trading recommendations: Short Bitcoin around 79,900-80,300, with a short-term target of 77,000-78,000; Short Ethereum around 2370-2380, with a short-term target of 2250-2300, and targets of 81,000 and 2420.