Follow for more, earn millions. Hello everyone, I am analyst Gu Jingci. Here I share my views, hoping that every friend who follows can achieve good returns!
You can follow the public account Gu Jingci, focusing on mainstream coin guidance and layout. Bitcoin and Ethereum have recently shown a range-bound fluctuation, with the market being relatively cautious under the intertwining of bullish and bearish factors. Bitcoin has been trading in the range of 90,000 to 92,000 recently, briefly testing 94,000 at the beginning of the week, and then falling back due to profit-taking. Although there was a capital outflow from the spot Bitcoin ETF mid-week, Bitcoin still closed slightly higher over the weekend, maintaining around 90,000 to 91,000, indicating that its price still has certain resilience despite mixed institutional sentiment. The important support level is around 89,500; if it can hold, it is expected to maintain range-bound fluctuations and seek opportunities for upward breakthroughs. The key short-term resistance is at 92,000; if it can effectively break through, it may advance further towards the previous high.
Ethereum's price trend is basically in sync with Bitcoin. After failing to maintain the gains around 3,300, it has since fallen back and is currently consolidating above 3,000. Investors are relatively cautious, and the price fluctuations are relatively small, reflecting that the market is waiting for clear directional guidance. In the short term, 3,050 to 3,060 is an important support area for Ethereum; if it falls below this area, it may trigger further declines. The resistance level above is around 3,300; if it can break through and stabilize, it will open up new upward space.
In terms of operations, it is recommended to go long on Bitcoin around 89,800-90,300, with a target of around 92,000-93,000; for Ethereum, go long around 3,060-3,080, with a target of around 3,150-3,200.
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