Gu Jingci: On July 17, Bitcoin/Ethereum short positions have decreased as expected, and the rebound continues to enter short positions.

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顾景辞
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2 hours ago

Follow for more, earn millions. Hello everyone, I am analyst Gu Jingci. I share my views here, hoping that every friend who keeps up will have good returns!

You can follow the public account Gu Jingci a, focusing on mainstream coin guidance and layout. Bitcoin/Ethereum, I repeatedly reminded the short position strategy yesterday, especially highlighting that Ethereum should add positions if it breaks 1860, and the market has since declined to around 62600 and 1820, filling the overall space directly. Currently, after a drop, the market has rebounded slightly but with little strength; the trend still belongs to a high and low decline pattern. The K-line pattern on the 4-hour chart shows that several large bearish candles have appeared recently, indicating strong bearish power, and the market is in a short-term downtrend. The daily chart shows two consecutive large bearish candles, forming a bearish reversal pattern, indicating a short-term top formation.

Technical indicators on the 4-hour chart show that both the MACD DIF and DEA lines have fallen below the zero axis, and the DIF line continues to diverge downward below the DEA line. The MACD histogram is negative and continues to expand, indicating a strong bearish trend with ample short-term downward momentum. The market still has further downward space, and the two consecutive bearish candles on the daily chart provide another opportunity to re-enter shorts.

Evening operation advice: Continue to enter shorts for Bitcoin around 63300 to 63800, targeting around 61000 to 62000; for Ethereum, continue to enter shorts around 1840 to 1860, targeting around 1760 to 1790.

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