Gu Jingci: Bitcoin/Ethereum Morning Trading Strategy with Market Analysis (September 4th)

Bitcoin/Ethereum prices surged again last night and into the early morning. Short positions entered at 81600, triggering stop-loss orders. Ethereum reached a high of 2530, as expected, before encountering resistance around 2520-2530 and pulling back. Bitcoin reached a high of around 82300 in the early morning, just a step away from the previous weekly high of 82800. Currently, it hasn't broken through and held above the previous daily high of 81500, suggesting a continued downward trend. Sometimes a single loss isn't terrible; you can always recover later. However, if a double top forms at this level, the downside potential could be much greater. Therefore, don't panic on rallies, and definitely don't chase the market. Trading suggestions: Short Bitcoin around 80800-81300, target 78000-79000; Short Ethereum around 2505-2520, target 2380-2430. 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.