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Gu Jingci: On April 7th, short positions in Bitcoin and Ethereum successfully retraced and fell; now is the right time to short again as the market rallies.

2026-04-07 10:05:04
Shareshare
Bitcoin/Ethereum: Short positions were initiated at 69700 and 2150 last night. This morning, the price retraced to around 68200 and 2087 respectively, offering decent overall movement. Currently, the price has rallied again, but this rebound is not a reversal. As mentioned this morning, there is still room for further decline. Be cautious about bottom-fishing; we did indeed refrain from going long and waited for an opportunity to short again. The daily chart shows a long upper shadow and a bearish close, indicating a weakening trend. The recent rally is just an opportunity to buy, but further declines are possible. Capturing profit opportunities is often the most important thing. Evening trading recommendations: Short Bitcoin at the current price of 69200, targeting 66500 to 67500; Short Ethereum at the current price of 2130, targeting 2030 to 2060. Often, missing or insufficient profit opportunities stems from wishful thinking in trend prediction. Focus on trend trading and securing profit opportunities. We are here every day, not to prove a high win rate, but simply to assure you that our team is always present, monitoring the market 24/7, professional and reliable. 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 the real-time updates.
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