Gu Jingci: Gold and SanDisk short positions have reached their maximum potential on August 19th; Bitcoin/Ethereum continues to trade sideways.

Yesterday, short positions were entered near 4400 and 1740 in Gold (SanDisk), with a significant drop to around 4330 and 1565 in the early morning, resulting in substantial losses. Meanwhile, Bitcoin/Ethereum continued its sideways consolidation, lacking strong momentum and liquidity, giving the impression of being abandoned by the market. As previously mentioned, Bitcoin and Ethereum have been consolidating for over a month, reflecting a gradual shift away from altcoins. Stock tokens will eventually replace altcoins, and Bitcoin/Ethereum's consolidation is a manifestation of this process. Therefore, there's no need to have unrealistic expectations for altcoins. Currently, trading futures requires either patience with Bitcoin and Ethereum or a gradual adaptation to stock tokens, studying stocks before applying this knowledge to the crypto market. Last night, Bitcoin/Ethereum surged to around 1920 and 65000 before pulling back, showing significant resistance. However, multiple failed attempts to break below support levels also indicate some support. The key is to see which direction it breaks out in. The market is changing, and our thinking must adapt accordingly, keeping pace with market trends and liquidity. The analysis and strategies provided are for reference only. Please assume all risks. The review and publication of this article may not be timely; please refer to real-time updates.