Good morning everyone, I am Gu Yue. Generally, there is no market activity during the weekend, but when there is activity, it is not ordinary. The daily level has shown a four-day consecutive decline. Bitcoin has once again fallen below $100,000, and Ethereum has dropped to $2,100. Currently, it is nearly 6 AM, and Bitcoin is stabilizing around $99,000, while Ethereum is stabilizing around $2,180. The hourly level is currently in a consolidation pattern. Bitcoin's bottom at $98,800 is a support level, and Ethereum's $2,170 is also a support level. If the morning market support holds, it will surely rebound during the day, and I am more optimistic about the bulls' counterattack in the morning.

Technical Analysis

From the hourly and four-hour candlestick charts, it is running around the lower Bollinger Band. The bottom has not formed a substantial breakthrough, and it currently looks more like a bottoming process. This kind of oscillation trend in the morning will continue for a while; the bulls' counterattack will not come that quickly. We need to wait for the market to repair itself before bottoming out and then stretching. Whether it is rising or falling, it requires a process, unlike the washout market that catches people off guard. The current trend still has traces to follow, so we can trade with more confidence.

Trading Suggestions

Buy Bitcoin at $98,500-$98,800 with a target of $100,000.

Buy Ethereum in the range of $2,150-$2,180 with a target of $2,280.

There are many types of investments, and it is important to choose what suits you best. There are many paths, and choosing the right guide is crucial. I am Gu Yue, interpreting world economic news, analyzing global investment trends, providing daily market analysis, and offering you the latest trading strategy ideas, professional investment consulting services to help you reach the peak of financial management. #比特币跌破十万美元