Gu Jingci: Bitcoin/Ethereum Evening Trading Strategy with Market Analysis

2026-05-04 15:23:59
Shareshare
In the early morning session, Bitcoin/Ethereum saw a surge, prompting short positions to be initiated above 2370 and 80000. The price subsequently retreated to around 78100 and 2313, resulting in a decent overall range. Currently, the price has surged again, but failed to break the morning high and has slightly retreated, potentially forming a double top pattern. Short-term influences are mainly driven by the US-Iran situation and the continued rise in US stocks, so caution is advised against a pullback. The outlook for tonight is likely to be a continued surge followed by a decline. Trading recommendations for tonight: Short Bitcoin around 80100-80500, with a target of 77000-78000; Short Ethereum around 2370-2380, with a target of 2250-2300, and further targets at 81000 and 2420.
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