Good afternoon everyone, I am Gu Yue. Yesterday the market fell again, Bitcoin dropped to $74,000, and Ethereum fell to $1,400. Nearby, our short positions achieved great success. After taking profit, the market rebounded after hitting the bottom. Bitcoin is currently stabilizing above $76,000, and Ethereum is stabilizing near $1,450. Currently, in the four-hour chart, Bitcoin has hit the bottom four times, with support at $75,000, while Ethereum has support at $1,420. In the morning, it reached the support area and rebounded again. As for the current situation, there is still a trend for further upward movement.
Technical Analysis
Currently, the lower Bollinger Band has formed support, the hourly MACD green energy bars are gradually decreasing, KDJ has formed a golden cross and is continuously diverging upwards, the candlestick shows a solid bullish bar, and bullish momentum is gradually accumulating and climbing upwards. In the afternoon, the market further rises, and Bitcoin has a chance to return to $78,000, while Ethereum has a chance to break above $1,500. In the afternoon, it is recommended to focus on buying low.
Trading Advice
Currently, Bitcoin is near $76,500, buy with a target of $78,000.
Currently, Ethereum is near $1,450, buy with a target of $1,500.
There are many types of investments; 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, personally 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 financial management.
