Good afternoon everyone, I am Gu Yue. Yesterday the market fell again, with Bitcoin dropping to $74,000 and Ethereum to $1,400. Our short positions have been very successful, and after taking profits, the market rebounded from the bottom. Bitcoin is currently stabilizing above $76,000, and Ethereum is stabilizing around $1,450. The four-hour chart has tested the bottom four times, with Bitcoin finding support at $75,000 and Ethereum at $1,420. This morning, after touching the support level, there was another rebound. As of now, the market still has a trend for further upward movement.

Technical Analysis

Currently, the lower Bollinger Band is forming support, the hourly MACD green energy bars are gradually decreasing, KDJ has formed a golden cross and is continuously diverging upwards, and the candlestick shows a solid bullish bar. Bullish momentum is gradually building up and climbing higher. In the afternoon, the market is expected to rise further, with Bitcoin having a chance to return to $78,000 and Ethereum having a chance to break above $1,500. In the afternoon, it is recommended to focus on low buying.

Trading Suggestions

Currently, for Bitcoin, go long around $76,500 with a target of $78,000.

Currently, for Ethereum, go long around $1,450 with a target of $1,500.

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, Gu Yue, interpret global economic news, analyze global investment trends, and provide daily market analysis to offer you the latest trading strategy ideas and 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 used as a basis for actual operations. Market changes are unpredictable, and profits and losses are self-responsible. For the latest trading strategies, follow the public account: Gu Yue KOL.

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