Hello everyone, I am Gu Yue. Recently, if you have been paying attention to the market, you must know that it is very volatile, whether it is rising or falling, the fluctuations are particularly large. Bitcoin reached a high of around 69,500 in October and a low of around 58,800. Ethereum peaked at around 2,770 and dropped to around 2,300. Currently, the market is experiencing significant fluctuations, so we need to be extra cautious in our operations.
Bitcoin is currently at 68,700, positioned at the upper Bollinger Band, just 1,000 points away from the October high. The four-hour chart is also at a top position with limited space. It is recommended to short at high positions in the evening for a more stable approach. I suggest shorting in the 68,800-69,000 range as there is considerable space below. Pay attention to position control. The hourly chart shows a top divergence, indicating that the downward movement could be substantial.
Ethereum is currently around 2,520 and is gradually moving towards a correction. The bottom position on the hourly chart is around 2,460. If the market declines, it will not stop at just this point. In the evening, we will set up short positions with a target of 2,400. The KDJ has already turned downwards, gradually forming a death cross, and the MACD red energy bars are gradually shrinking, indicating a lack of upward momentum and a gradual pullback.
For Bitcoin, it is recommended to short in the 68,800-69,000 range with a target of 67,000-66,500, taking profits and exiting as needed.
For Ethereum, it is recommended to short in the 2,520-2,540 range with a target of 2,440-2,400, taking profits and exiting as needed.
There are many types of investments, and it is important to choose what suits you best. There are many paths, and choosing the right guide is crucial. I am Gu Yue, interpreting world economic news, analyzing global investment trends, and providing daily market analysis to offer you the latest trading strategy ideas and professional investment consulting services to help you reach the peak of financial management.
This article represents personal views only and is for reference only. It should not be used as a basis for actual operations. The market is unpredictable, and profits and losses are at your own risk. For the latest trading strategies, follow the public account: Gu Yue KOL.
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