Yesterday's repeated short-selling recommendations for Bitcoin/Ethereum saw the price plummet to 61500 and 1712, maximizing the downside potential. While the price has rallied slightly this morning, significant resistance is evident. The daily and 4-hour moving averages are providing resistance around 1770 and 63000 respectively, and these moving averages are turning downwards, indicating a trend reversal. Without a significant breakout with strong volume, any rebound presents another opportunity to short. Morning trading recommendations: Bitcoin: Short at 62400-62800, target around 61000; Ethereum: Short at 1745-1760, target around 1670-1700; Ethereum: Short at 78.2-78.6, target around 76.
Gu Jingci: Yesterday's short positions on Bitcoin/Ethereum were a huge success; we continued to short on the morning rally.
2026-07-09 01:46:05
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