Gu Jingci: Bitcoin/Ethereum prices surged higher, and short positions at an average entry of 70500 and 2065 remain patiently held, awaiting further pullback.

Last night, after Bitcoin/Ethereum prices rose, additional short positions were added at an average price of 70500 and 2065. The market surged and then pulled back, leaving room for further decline. On the 4-hour chart, the candlestick pattern shows that after a continuous volume-driven rally, a large bearish candle with increased volume has engulfed the previous bullish candle, forming a bearish engulfing pattern, indicating heavy selling pressure above. The latest 4-hour candlestick shows significantly reduced volume, suggesting that after a rapid decline, the market has entered a brief hesitation or consolidation phase.

On the technical indicators, the MACD on the 4-hour chart shows the DIF and DEA lines both above zero, indicating an overall bullish trend. However, the DIF line is starting to turn downward and approach the DEA line, and the MACD histogram is decreasing in positive value, showing that short-term upward momentum is weakening. A pullback is needed in the short term, and the market remains volatile.

The average entry prices for the added short positions at 70500 and 2065 are to be held patiently, with targets unchanged at 68000 to 69000 and 1980 to 2010.