Gu Yue: The volatile market is about to end, where will the subsequent rise and fall head towards?

CN
谷月
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1 year ago

Hello everyone, I am Gu Yue. A new week has begun, and after the weekend, the market has gradually stabilized. The current price of Bitcoin is around $97,000, and Ethereum is around $2,630. Both prices are at a low level, with Bitcoin having only 2,500 points of space on the four-hour chart and Ethereum having only 150 points of space. The current oscillating market is gradually breaking, and the new week's market is gradually taking shape. Today, I will analyze the subsequent trend for you.

Technical Analysis

Currently, the price of Bitcoin is stable above the middle track of the four-hour Bollinger Bands, with the current price at $97,000. The MACD red energy bars are gradually increasing, showing three consecutive bullish candles. Although the body of the candles is small, the lower shadows are long, indicating strong rebound momentum. The hourly chart is steadily hovering near the upper track of the Bollinger Bands, in a bullish continuation pattern. There may be a pullback of 300-500 points around noon, but a slight pullback is a normal fluctuation, so don't be misled by appearances. Our strategy for noon is to buy on the pullback.

Trading Suggestions

For Bitcoin, it is recommended to go long around $96,500 with a target of $98,000, and a long-term view of $100,000.

For Ethereum, it is recommended to go long around $2,620 with a target of $2,700, and a long-term view of $2,800.

There are many types of investments, and it is important to choose what suits you. There are many paths, and it is crucial to choose the right guide. I, Gu Yue, interpret world 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 only represents personal views and is for reference only. It should not be used as a basis for actual operations. Market conditions are unpredictable, and profits and losses are at your own risk. For the latest trading strategies, follow the public account: Gu Yue KOL.

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