Hello everyone, I am Gu Yue. After a brief rebound, the market is once again undergoing a pullback. Currently, the price of Bitcoin has fallen below $84,700, and Ethereum has dropped to around $2,000. The overall trend is leaning towards consolidation, with no significant fluctuations. The resistance for Bitcoin is at $89,000, and the pressure for Ethereum is at $2,100. After the consolidation ends, the market will experience significant volatility again, and we can prepare in advance.

Technical Analysis

Currently, the Bollinger Bands are gradually narrowing, the KDJ has formed a death cross, the hourly MACD red energy bars are gradually decreasing, and the 4-hour MACD green energy bars are gradually increasing. The DIF line and DEA line are operating below the zero axis, with bears gradually taking the initiative and gaining an advantage. It is recommended to focus on short positions in the evening.

Trading Suggestions

For Bitcoin, it is recommended to short around $87,000, with a target of $86,000.

For Ethereum, it is recommended to short around $2,020, with a target of $1,950.

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.

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