Gu Jingci: June 8th Bitcoin/Ethereum Key Node - Pay Attention to the Shift Between Bullish and Bearish Trends

The long positions in Bitcoin/Ethereum established last night around 1605 and 61400-16800 were successfully closed out at 64400 and 1720 respectively during the early morning surge. In fact, last night's analysis clearly stated that the price stabilized after a rapid decline, and there were two good short-selling opportunities during the rebound: around 64000, 66000, and around 1680-17000 and 1780-1800. The early morning surge also provided opportunities to go long first and then short. Going forward, watch for resistance around 66000 and 1800 for further short-selling opportunities. The 4-hour chart shows a large bullish candle with a long upper shadow, followed by selling pressure around 1720 and 64500. The subsequent two 4-hour candles were bearish, but did not completely engulf the gains of the previous bullish candle. The 4-hour and 8-hour moving averages are still trending upwards, with support levels moving higher. Key short-term support levels to watch are 1600 and 61500. Buy on dips above these support levels. Trading suggestions: Bitcoin: Buy around 61800-62300, target 64000-65000; Ethereum: Buy around 1620-1640, target 1700-1730.