Gu Jingci: Bitcoin/Ethereum Consolidates and Forms a Bottoming Pattern on June 8th; Pay Attention to Trend Shift

Following the successful validation of last night's strategy of going long first and then short, Bitcoin/Ethereum saw another buy entry during the daytime session, albeit a slightly conservative one, with a few points of space between entry and exit. However, the overall trend of buying on pullbacks is correct. Currently, the price has been consolidating narrowly after its morning surge, and has rallied again in the evening, showing a relatively strong overall trend. However, the pressure from the rapid decline on the daily chart remains. Avoid chasing the highs and pay attention to short-term resistance. The 1600 and 61500 levels remain short-term support levels. The 4-hour Bollinger Bands are narrowing, indicating further consolidation. Consider shorting on rallies in the evening, and then going long again on pullbacks to support levels. Evening trading suggestions: Bitcoin: Short at around 83500-84000, target around 82000; Ethereum: Short at around 1690-1700, target around 1630.