Hello everyone, I am Gu Yue. Yesterday, I mentioned in the article that the bottom has been established, and the bulls have started to fight back. Yesterday morning, the price of Bitcoin was still around $90,000, and today it has already broken through $105,000. It peaked at $106,000, with an increase of 7,000 points from yesterday to today, which can be said to be a significant market movement. Ethereum has also risen by over $250, with profit margins around 8 times. Those who were able to seize this opportunity can be said to have made a fortune.

Technical Analysis

From the current trend, the hourly and four-hour charts have reached the upper Bollinger Band pressure. Bitcoin at $105,600 is at a resistance level, while Ethereum at $2,420 is also at a resistance level. The short-term pressure cannot continue to break upwards, and the upper pressure is starting to gradually pull back. The MACD red energy bars are gradually decreasing in volume. The market will undergo a slight pullback during the afternoon, with support at $103,800 for Bitcoin and $2,300 for Ethereum.

Trading Suggestions

Short Bitcoin near $105,200 with a target of $103,800 - $103,500

Short Ethereum near $2,400 with a target of $2,350 - $2,300

There are many types of investments, and it is important to choose the one that suits you. 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 only represents personal opinions 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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