Gu Yue: The decline has arrived as expected, and a trend change is imminent. Are you ready?

Hello everyone, I am Gu Yue. Yesterday's market deviated somewhat from the original trend. Bitcoin has strongly dropped to $86,000 and then surged up by 7,000 points again, breaking through the historical high. Bitcoin surpassed $93,000 and then began to retrace, currently stabilizing around $90,000. Ethereum is stabilizing around $3,220. Currently, the hourly chart has reached a peak and is starting to decline, hovering around the middle band of the Bollinger Bands. The middle band support is about to be broken, and the decline will further expand. The hourly chart's bottom support is around $3,120, with about 100 points of profit space below. Bitcoin's bottom support is around $87,500, which still has considerable profit potential.

For Bitcoin, it is recommended to short around $90,000 with a target of $88,000-$87,500 for profit taking soon.

For Ethereum, it is recommended to short around $2,220 with a target of $2,150-$2,120 for profit taking soon.

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. 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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