Gu Jingci: Bitcoin/Ethereum Morning Trading Strategy with Market Analysis (September 8th)

Short positions were opened again for Bitcoin/Ethereum at 80300 and 2525 in the early morning yesterday. The price reached around 78600 and 2460 in the evening, indicating significant downside potential. Currently, the market has rebounded somewhat, especially Ethereum, which has been consolidating at high levels, while Bitcoin has weakened first. The 4-hour chart shows a small bullish candle with an upper shadow, indicating selling pressure above 2530 and 79800. The daily chart shows a wide-range consolidation, with a large bearish candle during the previous pullback, indicating strong resistance above. Technically, the DIF line is below the DEA line, but it is converging upwards, and the MACD histogram is shrinking, indicating weakening bearish momentum and a potential golden cross in the short term, suggesting a possible rebound. Furthermore, recent daily trading volume has been consistently increasing, especially during the previous decline with large volumes, indicating high market activity, but the selling pressure above cannot be ignored. The Bollinger Bands on the daily chart are starting to narrow, also indicating the potential for a larger price movement. Trading suggestions: Continue shorting Bitcoin around 79400-79800, with a target of 77000-78000; continue shorting Ethereum around 2505-2520, with a target of 2400-2440. Analysis and strategies are for reference only; please bear your own risks. Article review and publication are not timely; please refer to real-time information.