Good afternoon everyone, I am Gu Yue. Bitcoin and Ethereum have rebounded again; Bitcoin has broken through $87,000, and Ethereum has broken through $1,650. Currently, Bitcoin is stabilizing around $87,500, and Ethereum is stabilizing around $1,650. The upward space is currently limited and difficult to break through further. The suggestion for the afternoon is to focus on shorting at high points.

Technical Analysis

Currently, the Bollinger Bands are gradually opening, and the market will further expand. The K-line is running around the upper track of the Bollinger Bands, and the KDJ is forming a golden cross but is starting to turn downwards. The MA is forming a dead cross, and the market is gradually moving from high to low; if there is a rise, it will likely pull back.

Trading Advice

For Bitcoin, it is suggested to short near $87,500 with a target of $86,000.

For Ethereum, it is suggested to short near $1,650 with a target of $1,600.