Analyst Gu Jingci: 10.2 Bitcoin/Ethereum Trading Strategy with Market Analysis

Bitcoin/Ethereum has repeatedly touched 83000 and 2660 recently, rebounding and rising. The top has also repeatedly surged and then fallen back. However, since the start of today's trading session, it has continuously risen to the current high of 86888 and 2777. The overall upward trend is obvious. It is now just a short distance away from the previous daily high of 87370 and 2806. If it does not break through this level during the night and early morning, it will form a double top pattern. The market is currently waiting for the US non-farm employment data. Funds have already bet on weaker employment data, expecting a larger room for future Fed rate cuts, which would lower Treasury yields and benefit high-risk assets like cryptocurrencies. However, there is no need to go long if the price rises but does not break the high point.