Gu Yue: Bitcoin is facing resistance in its upward movement, and it is likely to experience a significant drop again in the evening.

CN
谷月
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1 day ago

Hello everyone, I am Gu Yue. The current market fluctuates by thousands of points every day. Yesterday's market fell and continued to fall, while today's market is rising and continues to rise. It has increased from around $81,000 yesterday to nearly $90,000 now, with an increase of more than 10%. Ethereum has risen from below $2,000 to around $2,280, showing a significant increase as well. The current market has reached upper resistance and cannot continue to rise. It is recommended to focus on short positions in the evening.

Technical Analysis

Currently, the MACD red energy bars are gradually decreasing, and the KDJ has formed a death cross, indicating that the market is gradually shifting from bullish to bearish. Whatever rises must fall, and it will return to where it came from. The speed will intensify in the evening, so everyone should be prepared.

Trading Suggestions

For Bitcoin, it is recommended to short around the current price of $90,000 with a target of $88,000-$85,000.

For Ethereum, it is recommended to go long at $2,280 with a target of $2,180-$2,100.

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 represents personal views only and is for reference only. It should not be used as a basis for actual operations. The market is volatile, 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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