Hello everyone, I am Gu Yue. After a brief rise in the market yesterday, the price has once again pulled back. Bitcoin has broken through $94,000, and Ethereum reached around $2,600 before rebounding. Currently, Bitcoin is stabilizing around $95,500, and Ethereum is stabilizing around $2,700. The market is gradually stabilizing and moving upwards, and we expect further increases during the afternoon, with Ethereum reaching above $2,800 and Bitcoin exceeding $98,000.

Technical Analysis

Currently, both Bitcoin and Ethereum have broken through the middle band of the Bollinger Bands. The MACD red energy bars are gradually increasing, and KAJ has formed a golden cross. The moving averages are starting to cross upwards, breaking through the middle band of the Bollinger Bands. Ethereum has already broken out of the downward channel and is beginning to enter an upward channel. The Bollinger Bands are gradually opening, and the market will further expand. In the afternoon, we can continue to chase long positions to increase profits.

Trading Suggestions

For Bitcoin, it is recommended to go long around $95,500, targeting $96,800 - $98,000.

For Ethereum, it is recommended to go long around $2,700, targeting $2,800 - $2,850.

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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