Good evening everyone, I am Gu Yue. The recent market can be described as a continuous decline. I mentioned a long time ago that we have now entered a bear market. Currently, Bitcoin has fallen below $80,000, and Ethereum has dropped below $1,500. The downward trend is still continuing. This evening, the Bollinger Bands have opened up again, indicating that the market will further decline. Currently, Bitcoin is stabilizing around $77,000, but the market will continue to drop, and I expect $77,000 will be breached tonight.

Market Analysis

At present, the Bollinger Bands are open, and the K-line is operating below the middle track of the hourly Bollinger Bands. The MACD green energy bars are gradually increasing, and the KDJ has formed a death cross, with the K-line continuing to decline around the lower track. If Bitcoin falls below $77,000 and Ethereum drops below $1,480, the downward trend will continue this evening. Trading advice should primarily focus on short positions.

Trading Suggestions

For Bitcoin, it is recommended to short around $77,000 with a target of $76,000.

For Ethereum, it is recommended to short around $1,470 with a target of $1,430.

There are many types of investments, and it is important to choose what suits you best. There are many paths, and it is crucial to choose the right guide. I am Gu Yue, interpreting global 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 represents personal views only 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, please follow the public account: Gu Yue KOL.

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