Bitcoin, Ethereum Price Fluctuations Spark Short-Selling Opportunities

Bitcoin and Ethereum experienced significant price fluctuations in recent days, according to analyst Gu Jingci. The cryptocurrencies surged during yesterday's day session but retreated to around 79,100 for Bitcoin and 2,460 for Ethereum by evening. However, the market rebounded in the early hours of today, prompting attention to key resistance levels.

Gujingci notes that the daily Bollinger Bands have begun to narrow, suggesting limited one-sided movements in the short term. He also points out that if the current highs are not broken, it could create opportunities for opening short positions.

The analyst suggests short-selling Bitcoin near its current price of 80,300 with a target of 77,500 to 78,500 and Ethereum at 2,525 with a target of 2,400 to 2,440. Gujingci emphasizes that the team closely monitors market developments around the clock.

He cautions that analysis and strategies are for reference only and should not be taken as investment advice. Furthermore, he reminds readers that articles may be delayed and should not be relied upon for real-time information.