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Gu Jingci: Bitcoin/Ethereum morning short positions currently profitable, further downside space expected
Bitcoin/Ethereum morning short positions at current prices of 91800 and 2140, after the market surged higher and pulled back lower, currently showing some retracement, expecting further downside exploration. As mentioned in previous analysis, when Bitcoin consolidates sideways without falling and gives a strong feeling, while Ethereum and altcoins universally decline, subsequent movements will continue downward. Conversely, when Ethereum and altcoins continue to rally, the uptrend will persist. The current situation is that after surging higher, Bitcoin consolidates sideways feeling very strong, while Ethereum and altcoins are beginning to decline, therefore the outcome is evident.
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