Gu Jingci: The short positions on Bitcoin/Ethereum, repeatedly recommended on May 8th, have been highly successful; continue shorting on rallies.

2026-05-08 07:34:41
Shareshare
The short-selling strategy for Bitcoin/Ethereum, which we've been consistently recommending for the past few days, has seen its potential for significant losses. Currently, the price is consolidating after a dip, with weak rebounds, a typical continuation pattern in a downtrend. The weekly chart shows the price has just begun its pullback, with further downside potential. The 4-hour chart shows consecutive bearish candles, with closing prices near the lowest point, although the decline has narrowed, potentially indicating some easing of selling pressure. However, the overall trend remains downward, with bearish forces dominating on both the daily and weekly charts, driving prices lower. Looking at the daily moving averages, the price is currently under pressure after a breakout, suggesting continued shorting on rallies. Trading recommendations: Short Bitcoin around 79500-80000, with a target of 77000-78000; Short Ethereum around 2280-2300, with a target of 2190-2230. We're 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 information.
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