Hello everyone, I am Gu Yue. Yesterday's market trend first fell and then rose, with Bitcoin touching around $97,000 and Ethereum around $2,700. Our short-term short positions have reached their targets, marking a successful start to the new year. After the market dropped to the support level, it gradually began to rebound, showing signs of recovery. Currently, Bitcoin's price has stabilized around $98,000, and Ethereum around $2,840, with signs of further upward movement. In the afternoon, we will focus on the support at the middle line of the Bollinger Bands; if this support holds, we will see further upward movement.

Technical Analysis

The Bollinger Bands are gradually opening up, and the hourly chart has broken through the middle line resistance, stabilizing above it. The Bias three lines are starting to align upwards, and the price is gradually rising. The MACD red energy bars are gradually increasing, and the KDJ has formed a golden cross. All indicators show that the market is gradually recovering, and the afternoon market is expected to rise further. It is best to operate with a low long strategy.

Investment Suggestions

For Bitcoin, it is recommended to go long around $98,000 with a target of $99,000, with hopes of breaking through $100,000 again.

For Ethereum, it is recommended to go long around $2,820 with a target of $2,900, with hopes of breaking through $3,000 again.

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, and providing daily market trend 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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