Good evening everyone, I am Gu Yue. Since Trump's election, the cryptocurrency market has surged significantly. Yesterday, I provided some tips in my article, along with specific strategies and market trends. What I discussed in the article aligns with my own positions, and our long positions have also been successful. Bitcoin has risen to 76,900, breaking new highs again, while Ethereum has surpassed its recent high, reaching around 2,950. Our long positions from yesterday have also achieved great success, with the take-profit levels being quite perfect, almost at the peak.

With such a significant rise in the market, many people have lost their direction, unsure whether it will continue to rise or face a plunge. Today, Teacher Gu Yue will analyze the subsequent market trends to help everyone avoid pitfalls.

From the current market situation, the bulls are still very strong. The market is currently at the upper band of a high Bollinger Band, with limited space above. However, after the market rose, there hasn't been a significant pullback; instead, it has mostly moved sideways. The hourly chart is gradually narrowing, forming a consolidation pattern. As we approach the weekend, the market is not expected to move much, and it will mainly be a process of consolidating and repairing the chart. Once the chart is repaired, the market is likely to rise again. Currently, the MA moving average has crossed above the middle band of the Bollinger Band and is continuously diverging, with support levels gradually rising. We need to pay attention to the support levels around 74,500-75,000 for Bitcoin and 2,850-2,880 for Ethereum. As long as these support levels hold, the market will continue to rise further, with Bitcoin expected to reach 80,000 USD by the end of the year and Ethereum reaching 4,000 USD. Let's look forward to it.

There are many types of investments, and choosing the right one for yourself is very important. There are many paths, and selecting the right guide is crucial. I, Gu Yue, interpret global 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 opinions only and is for reference only, not to be used as a basis for actual operations. Market changes are unpredictable, and profits and losses are at your own risk. For the latest trading strategies, please follow the public account: Gu Yue KOL.

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