Hello everyone, I am Gu Yue. Yesterday, the CPI data negatively impacted the market, causing a continued decline. Bitcoin dropped to around $94,000, and Ethereum fell to around $2,540, with Bitcoin dropping over 2,000 points and Ethereum over 100 dollars. Subsequently, there was a rebound, with Bitcoin breaking through $98,000 and Ethereum reaching around $2,800. Currently, the price of Bitcoin is $97,000, and Ethereum is around $2,720.
Technical Analysis:
After a brief rise, the market has once again retraced. Currently, the market is oscillating within a relatively stable range, with Bitcoin's fluctuation range exceeding 4,000 points and Ethereum's exceeding 250 points. The MACD red energy bars are gradually decreasing, KDJ has formed a golden cross, and the Bias three lines are gradually converging downwards, indicating a strengthening downtrend. Today's market trend is primarily focused on short positions.
Trading Suggestions:
For Bitcoin, it is recommended to short at $97,000, targeting $95,000 for profit before exiting.
For Ethereum, it is recommended to short at $2,720, targeting $2,600 for profit before exiting.
There are many types of investments, and it is important to choose what suits you best. There are many paths, and selecting the right guide is crucial. I, Gu Yue, interpret global economic news, analyze major 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 opinions only and is for reference purposes. 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, please follow the public account: Gu Yue KOL.
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