Gu Jingci: Bitcoin/Ethereum Trading Strategy with Market Analysis (September 16)

Bitcoin/Ethereum experienced multiple dips last night and into the early morning, showing a weak overall trend. The current major trend remains bearish, but there is a short-term need for a rebound. Our previous short positions on rallies have yielded significant gains. Last night, during the pullback, our initial long positions were initiated, which rallied to around 2447 and 77300 before a rapid decline, reaching lows of around 74900 and 2355. Ethereum is now very close to the important support level of 2350, which remains a key support level to watch. The daily and 4-hour moving averages have all turned downwards, with resistance remaining at 78000 and 2480-2500. Intraday, we expect a rebound followed by further downside. Trading recommendations: Bitcoin: Buy at the current price of 75800, target 74800, target around 77500; Ethereum: Buy at the current price of 2395, target around 2460, target 2350. Consider shorting near 2480-2500 and 77500-78000, anticipating a pullback after a rally. This analysis and strategy are for reference only; please bear your own risks. Article review and publication are not timely; please refer to real-time information.