Hello everyone, I am Gu Yue. The decline we anticipated yesterday has indeed arrived, and our short positions have perfectly taken profit. Yesterday, Bitcoin dropped to below $87,000, and Ethereum fell below $3,100 before the market reversed and began to rebound. Currently, Bitcoin's price has stabilized around $88,000, while Ethereum is stabilizing around $3,070. Although we are still operating within a downward trend, the downward trajectory has not been broken, preventing us from entering the next phase of decline. In the short term, the market is expected to rise. The Bollinger Bands are gradually narrowing, with bottom support moving upwards. The MACD green energy bars are gradually decreasing, while the red energy bars are gradually increasing, indicating a shift from short to long positions. The resistance for Ethereum is at $3,180, and for Bitcoin, it is at $90,000. Our short-term long position targets are set at these resistance levels.
Long Bitcoin around $88,000, target $90,000, take profit and exit as needed.
Long Ethereum around $3,070, target $3,160, take profit and exit as needed.
There are many types of investments, and it is important to choose the one that suits you best. There are many paths, and choosing 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. 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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