Gu Jingci: Bitcoin/Ethereum Trading Strategy with Market Analysis (May 19)

After a continuous decline from its previous highs, Bitcoin/Ethereum has entered a narrow range of fluctuation. We have repeatedly advised shorting at previous highs, and the price action has been consistently profitable. Last night's pullback was followed by a successful long position. Currently, the rebound is weak, and this rapid decline followed by sideways consolidation perfectly illustrates a continuation of the downtrend. The continuously shifting moving average resistance also indicates a continued weak trend. Neither the weekly nor daily charts have stabilized. The upper resistance levels are currently around 78500 and 2180. While the rapid short-term decline may create some room for a rebound, it is not a reversal but rather a partial correction. Trading suggestions: Short Bitcoin around 77200-77600, with a target of 75000-76000; Short Ethereum around 2145-2160, with a target of 2050-2100, and targets of 78500 and 2190.