Trader Gu Jingci: Bitcoin and Ethereum Evening Trading Strategy and Market Analysis on October 20

Bitcoin/Ethereum surged again to 83,300 and around 2,470 in the evening. Focus on whether the daily-level previous highs at 84,400 and 2,500 are broken overnight and in the early morning. Do not treat it as a breakout before confirmation. Resistance remains strong; avoid chasing gains. The pull-up is also an opportunity to enter short positions. The rapid rally occurred without positive news, mainly due to weak intraday liquidity combined with concentrated short covering, creating a temporary squeeze. Coupled with improved macro risk appetite, concentrated buying drove the rebound. Night trading is volatile and lacks clear sustainability—avoid blindly chasing prices. Follow real-time market signals and wait for the rebound to exhaust before considering a shift. Evening trading suggestion: Enter short positions for Bitcoin between 83,000 and 84,000, targeting 81,500; for Ethereum between 2,460 and 2,480, targeting 2,380. Exit at 84,500 and 2,500 respectively. Analysis and strategies are for reference only; risks are borne by the individual. Articles may lack timeliness in review and release—always rely on real-time data!