Gu Yue: In a volatile market, short on highs and long on lows, it's time to go long again.

CN
谷月
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4 hours ago

Good evening everyone, I am Gu Yue. The strategy released yesterday suggested that everyone go long on Ethereum at the 2400 support level, targeting 2480. For Bitcoin, the recommendation was to go long at 62000 with a target of 63000-63500. Most of these targets were successfully hit yesterday. I believe those who read the article and acted on it have already made profits. For those who missed out, it’s okay; the market presents opportunities every day. Tonight, I will provide another suggestion, and I hope everyone can seize it well.

Currently, Bitcoin is fluctuating in the 6.2-6.3 range, while Ethereum is oscillating around the 2.4 range. The current trend is leaning towards high shorts and low longs, and there hasn’t been a significant change. However, this trend won’t last long. We are in a bottoming process, and today is already Thursday. After this weekend, the bottoming process will be nearly complete, and the subsequent market trend will continue to be bullish, which is beyond doubt.

There are a few key points we need to pay attention to, which I want to emphasize today. The bullish-bearish dividing line for Bitcoin is around 6.24, with the strongest support on the four-hour chart near the 6.0 line. For Ethereum, the dividing line is at the 2.5 line, with the strongest support at 2.3. If the market can stabilize above the dividing line, the upward momentum will accelerate. If it doesn’t stabilize in the short term, it will continue to trend in a range-bound manner. Therefore, we can maintain a strategy of high shorts and low longs for trading.

Tonight, for trading Bitcoin, we can enter long positions around 6.17, with a stop loss set at 300-500 points. The target position is set at 6.3. For Ethereum, we can go long around 2430, targeting 2500, with a stop loss of 30 points. Everyone can choose their leverage freely, but I recommend using around 100-150 times.

In the long journey of life, there are countless choices in investment, but only a few critical steps. Different choices may determine different life paths for us. I interpret global economic news, analyze global investment trends, provide daily market analysis, trading strategy guidance, and offer professional investment consulting and services to help you reach the peak of financial management.

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