Gu Jingci: Bitcoin/Ethereum Trading Strategy with Market Analysis (September 7th)

Bitcoin/Ethereum surged during the daytime session yesterday before retreating to around 79100 and 2460 in the evening. The price surged again in the early morning and early morning. Today, the key levels to watch are 81500 and 2550, which are also the levels seen after Friday's high. If these highs are not broken, any rebounds will present opportunities to short. The daily Bollinger Bands are starting to narrow, indicating limited one-sided movement in the short term. The price is likely to continue its upward trend followed by a pullback. If the daily chart doesn't break 81500 and 2550, a three-day bullish engulfing pattern will form, suggesting further downward movement. Trading recommendations: Short Bitcoin around 80300, with a target of 77500 to 78500; Short Ethereum around 2525, with a target of 2400 to 2440.