Hello, I am Gu Yue. The recent market can be described as a continuous decline. I mentioned earlier that we have already entered a bear market. Currently, Bitcoin has fallen below $80,000, and Ethereum has dropped below $1,500, with the downward trend continuing. The Bollinger Bands have opened up again this evening, indicating further declines in the market. Bitcoin is currently stabilizing around $77,000, but the trend will continue to decline, and it is expected that the $77,000 mark will be breached tonight.

Market Analysis

Currently, the Bollinger Bands are opening up, and the K-line is operating below the middle track of the hourly Bollinger Bands. The MACD green energy bars are gradually increasing, and the KDJ has formed a death cross, with the K-line continuing to decline around the lower track. Bitcoin falling below $77,000 and Ethereum dropping below $1,480 indicates that the downward trend will continue this evening, and trading advice should focus on short positions.

Trading Suggestions

For Bitcoin, it is recommended to short near $77,000 with a target of $76,000.

For Ethereum, it is recommended to short near $1,470 with a target of $1,430.

There are many types of investments, and it is important to choose one that suits you well. There are many paths, and it is crucial to choose the right guide. I, Gu Yue, interpret global economic news, analyze major global investment trends, provide daily market trend analysis, and offer you the latest trading strategy ideas and professional investment consulting services to help you reach the pinnacle of financial management. $BTC