Gu Jingci: The pullback in Bitcoin/Ethereum will continue after May 7th.

2026-05-06 17:02:24
Shareshare
We entered short positions in Bitcoin/Ethereum during the daytime session, and after the price rallied in the evening, we advised adding to short positions at the current prices of 82700 and 2415. The market has since pulled back from its highs, but the overall downside is still quite good. There is still significant downside potential. In the short term, pay attention to the 80000 and 2300 psychological levels, especially for Bitcoin. If it breaks below 80000, the trend will reverse, and further declines are possible. However, the current market is only suitable for swing trading to secure profits.
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