Good evening everyone, I am Gu Yue. The market yesterday was truly unexpected, with a rather volatile trend. Bitcoin broke through the $70,000 mark, and Ethereum surpassed $2,600. In the current situation, Bitcoin's performance has completely outpaced that of Ethereum. Previously, when Bitcoin was at $70,000, Ethereum was at least above $3,000. Now, with Bitcoin at $70,000, Ethereum is below $2,800, indicating a significant lag for Ethereum. It is possible that there will be a subsequent catch-up rally.

Currently, regarding Bitcoin, the four-hour chart shows five consecutive bullish candles, and the daily chart has already shown four consecutive bullish candles, indicating a strong bullish trend. The daily level has now reached the upper pressure zone of the Bollinger Bands, with insufficient space above. It has been in a consolidation phase for the past eight hours. The upper Bollinger Band on the hourly chart still has some space, with resistance at $72,000. It is very likely to make a push upwards this evening, followed by a pullback.

Ethereum's performance is not as strong as Bitcoin's, but the overall trend is synchronized. There is still about 50 points of space above the resistance at $2,680 on the hourly chart. However, given that both Bitcoin and Ethereum are at relatively high levels, I do not recommend chasing long positions easily to avoid being trapped at high levels. It is better to short at highs, starting with a small position, and then add to the position after the price rises. This approach is more prudent. If anyone is trapped in short positions, there is no need to worry; I will help you get out. You can follow my public account: Gu Yue KOL.

For Bitcoin, the short target in the $71,500-$71,800 range is $70,000, and you can exit for profit.

For Ethereum, the short target in the $2,630-$2,650 range is $2,550-$2,520, and you can exit for profit.

There are many types of investments, and it is important to choose what suits you. There are many paths, and choosing the right guide is crucial. I, Gu Yue, interpret world economic news, analyze global investment trends, and provide 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. Market conditions are 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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