Gu Jingci: 4.3 Bitcoin/Ethereum Bull and Bear Continues to Profit with Early Morning Market Analysis

Bitcoin/Ethereum previously repeatedly advised entering long positions, then since last night early morning continuously reminded to enter short positions, even suggesting adding to short positions during the daytime. The market once dipped to around 65700 and 2015 in the evening, with the overall range clearly visible. Currently, after the decline, the market is oscillating repeatedly. Although bulls seem to be showing signs of recovery, in reality, after a rally, resistance above is clearly pressing down. On the 4-hour candlestick chart, although there are bullish candles, both upper and lower shadows are long, indicating fierce competition between bulls and bears near the current price levels, and the market direction remains uncertain.

On the daily chart, a large bearish candle has formed, almost engulfing the previous day's gains, with a long upper shadow, which is a strong bearish signal, indicating that the short-term upward trend may have ended, and the market faces a correction pressure. On the 4-hour technical indicator, MACD has formed a death cross, with the DIF line crossing below the DEA line, and the MACD histogram remains negative and continues to expand, indicating increasing bearish momentum. The high volume of bearish candles further confirms the market's strong bearish sentiment and selling pressure. Bulls are weakening, and bears are dominating.

Evening trading suggestions: Continue shorting Bitcoin around 67200 to 67600, with targets near 64500 to 65500; continue shorting Ethereum around 2065 to 2080, with targets near 1960 to 2000.

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