Hello everyone, I am Gu Yue. During the lunch break, I will analyze the current market situation of Bitcoin and Ethereum. Bitcoin and Ethereum briefly fell the day before yesterday, touching support before rebounding again. Currently, the first support level for Bitcoin is $96,000 and the second support level is $93,000. For Ethereum, the first support is $1,750 and the second support is $1,850, with support levels gradually rising. Currently, Bitcoin has broken through $99,000 and Ethereum has broken through $1,900. The upward momentum is gradually weakening, and the market is slowly moving from high to low. In the afternoon, it is recommended to focus on short positions.

Technical Analysis

The hourly K-line has broken through the upper Bollinger Band. After a brief stretch in the morning, the market gradually stabilized, and the upward momentum is weakening as it fills the gap. The afternoon market will definitely move from high to low. The morning trend was quite unusual, with a sudden rise that had no prior indication. The market has been operating at a high level for a long time and cannot continue to break upward, so it will inevitably pull back down to gather strength. In the afternoon, patiently wait for the market to pull back.

For Bitcoin, it is recommended to short in the range of $99,200 - $99,500 with a target of $96,000.

For Ethereum, it is recommended to short in the range of $1,910 - $1,930 with a target of $1,850.

There are many types of investments, and it is important to choose what suits you best. There are many paths, and choosing the right guide is crucial. 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 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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