Good morning everyone, I am Gu Yue. A new week has begun, and right from the start, the market has started to decline. From 6 AM yesterday to 6 AM today, Bitcoin has dropped nearly 3000 points in a full day. Currently, Bitcoin has stabilized around $83,000 with a real-time price of about $83,300. Ethereum has also fallen below $1,600. Given the current situation, the market is likely to decline further. Bitcoin may drop below $80,000, and Ethereum may fall below $1,500. The morning market suggests primarily shorting on rebounds for a more stable approach.

Technical Analysis

From the current observation of the Bollinger Bands, it is opening downwards. The KDJ has formed a death cross, and the K-line is running along the lower track of the Bollinger Bands. The MACD green energy bar is gradually increasing in volume and is likely to further expand downwards. The K-line shows a stepped decline, with weak rebound strength, suggesting a primary focus on shorting.

Trading Suggestions

For Bitcoin, it is recommended to short near the current price of $83,300 with a target of $82,000-$80,000, a potential space of 3,000 points.

For Ethereum, it is recommended to short near the current price of $1,600 with a target of $1,540-$1,500, a potential space of 100 points.

There are many types of investments; choosing what suits you is very important. There are many paths, and choosing the right guide is crucial. I am Gu Yue, interpreting global economic news, analyzing global investment trends, providing daily market trend analysis, and offering the latest trading strategy ideas, along with professional investment consulting services to help you reach the peak of financial management.

This article represents personal views only and is for reference only; it should not be considered as a basis for actual operations. The market is unpredictable, and profits and losses are at your own risk.