Hello everyone, I am Gu Yue. The long position suggestion given yesterday ultimately achieved great success, with Bitcoin returning above $80,000 and Ethereum rising above $1,600, an increase of more than 8%. Many people have the illusion of a bull market returning, but in fact, the current rise is only due to news impact, which is temporary. Ultimately, it will return to a downward trend. After yesterday's surge, the market has started to retrace again. Currently, Bitcoin is stabilizing around $82,000, and Ethereum is stabilizing around $1,600. The market will likely decline again around noon, and it is possible to short in the current position.
Technical Analysis
Currently, the MACD is gradually narrowing, and market fluctuations are getting smaller. The KDJ has formed a death cross, and the MACD green energy bars are gradually increasing. The K-line is hovering near the middle track, and the support of the middle track is about to be lost. It is advisable to short around the support level and wait for a further downward breakthrough.
Trading Suggestions
Bitcoin: Suggest shorting around $82,000, targeting $80,000 - $78,000
Ethereum: Suggest shorting around $1,600, targeting $1,540 - $1,500
There are many types of investments, and it is important to choose the one that suits you. There are many paths, and it is crucial to choose the right guide. I am Gu Yue, interpreting world 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. #比特币