Gu Jingci: August 23rd Bitcoin/Ethereum Long/Short Positions Continue to Profit, with Evening Trading Strategy Analysis

The analysis for Bitcoin/Ethereum over the past few days has largely proven accurate. Last night's short positions also yielded the expected drops to 75500 and 2355 in the afternoon. In fact, as emphasized in yesterday's article, a one-sided trend was unlikely in the next day or two, with a high probability of continued consolidation. Short-term support was around 2350, while short-term resistance was around 2460. A few short-term buy-low-sell-high trades were reasonable. The current rebound presents a good opportunity to enter short positions. The narrowing Bollinger Bands on the four-hour chart suggest further consolidation within the range. Even the previous rapid rise is unlikely to be followed by a sudden drop; there will be a period of consolidation and correction. Evening trading suggestions: Bitcoin: Enter short positions around 77300-77800, with a target of 75000-76000; Ethereum: Enter short positions around 2430-2450, with a target of around 2360. 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.