Good afternoon, I am Gu Yue. The box structure was completely broken this morning, and the bottom support has fallen, entering a new phase. Currently, it has dropped to the next support level, with Bitcoin's bottom support at $89,000 and Ethereum's support at $2,280. This current support is the lifeline of the bull market. If this support level is broken, the subsequent market will flow like a dam opening, plunging into a bear market, making it difficult to achieve effective upward movement in the short term.

Technical Analysis

With the support being broken this morning, the Bollinger Bands have been torn open, forming a downward channel. The moving averages have begun to move downwards, breaking through the middle track of the Bollinger Bands, and the moving averages are continuously diverging downwards. The pressure levels are gradually moving down, and the Bollinger Bands are opening up, indicating that the market will further decline. The MACD green energy bars are gradually increasing, and the downward trend continues, signaling that a bear market is approaching. After a significant drop in the morning, a rebound is expected after bottoming out at noon. It is recommended to take a short-term long position at the bottom during noon.

Trading Suggestions

For Bitcoin, it is recommended to go long around $89,500 with a target of $91,000.

For Ethereum, it is recommended to go long at $2,380 with a target of $2,450.

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, 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 conditions are unpredictable, and profits and losses are at your own risk. For the latest trading strategies, follow the public account: Gu Yue KOL.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。