Hello everyone, I am Gu Yue. The market has once again experienced a reversal. Bitcoin has broken above $87,000, and Ethereum has surpassed $2,070. The market is gradually strengthening. Currently, there has not yet been a breakout from the downward channel on the daily level. The upper pressure of the downward channel is at $91,000, and the pressure above Ethereum is at $2,500. At the current price, there is still a large gap to the pressure point. Long positions can continue to be held, and those who have not yet entered the market can choose a suitable time to enter long positions.
Technical Analysis
Currently, the Bollinger Bands are starting to turn upwards, the MACD red energy bars are starting to increase, the DIF line and DEA line have crossed above the zero axis, forming a golden cross and continuously diverging upwards. The KDJ has formed a golden cross, and various indicators are gradually providing bullish signals. The moving averages are also beginning to rise and continuously diverging upwards. It is recommended to focus on low long positions during the afternoon.
Trading Suggestions
Bitcoin $87,000 long target $89,000
Ethereum recommend $2,070 long target $2,150
There are many types of investments; it is important to choose what suits you best. There are many paths, and it is crucial to choose the right guide. I am Gu Yue, interpreting global economic news, analyzing global investment trends, providing daily market trend analysis, and offering you the latest trading strategy ideas and professional investment consulting services to help you reach the peak of wealth management.
