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Gu Jingci: 1.7 Bitcoin/Ethereum continues to look for a decline in the early morning
During the evening rally of Bitcoin/Ethereum, a reminder was given to add short positions at 3300. Stay short above 93800 for Bitcoin; no additional entry opportunities were provided. The average price is around 3265-3270. Currently, Bitcoin has over 1000 points of space, and Ethereum also has some room. The outlook remains for a continued decline in the early morning, with support levels at 91000 and 3150. On the technical indicators, the 4-hour MACD is in a bullish area, but the red bars are shortening, indicating weakening upward momentum.
For Bitcoin above 93800, patience can be maintained for holding long positions. After adding to Ethereum positions, be more patient with short positions around 3270. Friends who are not in a good mental state can reduce their added positions.
The early morning outlook remains for a decline. For friends without short positions, consider entering short positions around 3260-3280 for Ethereum, targeting around 3180; for Bitcoin, consider entering short positions around 93000-93500, targeting around 91000-91500.
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