Gu Jingci Warns of Further Price Declines in BTC/ETH Amid Weak Momentum

Analyst Gu Jingci is warning investors to prepare for further price declines in Bitcoin and Ethereum. In a recent update, he mentioned that he has secured short positions at 10.3 BTC/ETH and will continue to add more if prices surge overnight.

The market has been on a downward trend since testing the lows around 26,850 and 85,000 levels, delivering significant profits for short positions. Gu Jingci notes that the rebound after this low has not been strong, indicating weak momentum in the trend.

He advises investors to look for opportunities to enter new shorts after a pullback in the early morning trading session. Specifically, he suggests continuing to short around 85,500-86,000 for Bitcoin and 2,705-2,720 for Ethereum, with targets near 83,000-84,000 and 2,640 respectively.

Gu Jingci emphasizes that his team is always present and monitoring the market around the clock, but stresses that analyses and strategies are for reference only. He encourages investors to manage their own risk and refer to real-time data for specifics.