Gu Jingci: Bitcoin/Ethereum Trading Strategy with Market Analysis (September 11th)

Bitcoin/Ethereum rebounded after dipping last night, with Ethereum showing particularly high volatility and significant price movement. The 4-hour chart shows a sharp drop with high volume last night, followed by a slight rebound, but the rebound was weak, with both bulls and bears oscillating within a range. The daily chart shows three consecutive days of declines, indicating a clear short-term downtrend, but the long lower shadow suggests some buying support around 2400 and 76000. The MACD indicator on the 4-hour chart shows the DIF line below the DEA line and both running below the zero line, indicating that bearish momentum still dominates. However, the MACD histogram is converging towards negative values, suggesting a slight weakening of bearish pressure. Nevertheless, the consistently high trading volume during the recent decline on the daily chart further confirms the validity of the short-term downtrend. Trading recommendations: Short Bitcoin around 77500-78000, with a target of 75000-76000; Short Ethereum around 2480-2500, with a target of 2380-2420. 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.