Market fluctuations have been intense; the price rose significantly the day before yesterday and fell sharply yesterday. It can be said that the more it rises, the more it falls. Bitcoin dropped from $94,000 to $82,000, while Ethereum fell from $2,400 to $2,000, with a decline exceeding 10% again. Currently, the MACD green energy bars are gradually decreasing, and the KDJ has formed a golden cross. The bottom has formed a golden cross, and the market is gradually bottoming out and rebounding. In the afternoon, it is recommended to focus on low long positions.

Technical Analysis

Currently, it is at a bottom support that is gradually stretching. The K-line shows a step-like downward trajectory. After falling to the lower track of the downward channel, it has begun to move towards the upper track. When it touches the bottom, there will be a brief rebound. We should pay attention to the market rising in the afternoon, with Bitcoin focusing on $85,000 and Ethereum above $2,300.

Trading Suggestions

For Bitcoin, it is recommended to go long at the current price of $84,000 with a target of $85,000.

For Ethereum, it is recommended to go long at $2,080 with a target of $2,180.

There are many types of investments, and it is important to choose 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 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 changes 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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