Hello everyone, I am analyst Gu Yue, who has been deeply involved in the coin circle for seven years. I advocate a prudent approach to trading, believing that stable profits can only be achieved through stable operations. I analyze the current market with a professional perspective, grasp the current trend, and avoid making hindsight judgments, focusing only on the current market situation.

--Market Analysis--

After yesterday's market retracement, the market rebounded again. We took a stable short position first and then a long position. Currently, Ethereum has broken through to a new high above 2600, while Bitcoin is trading near 45800. After reaching the peak at noon, the market started to retrace. Bitcoin's retracement at noon still has a potential downside of at least 1000 points, and Ethereum still has a potential downside of 50-80 points. From a technical indicator perspective, the green energy columns on the hourly chart are starting to increase in volume, and there is insufficient space for Ethereum's four-hour chart to reach its peak. The main trend at noon is a retracement. The overall trend is still bullish. After taking profits from short positions in the evening, we will switch to long positions again. We need to seize both the pullback and the trend in both long and short positions.

Short Bitcoin in the current price range of 45800-46000, with a target of 44500 for profit-taking and then switch to long positions.

Short Ethereum in the range of 2580-2600, with a target of 2530-2500 for profit-taking and then switch to long positions.

In the long journey of life, there are countless investment choices, but only a few critical steps. Different choices may determine different paths in our lives. I interpret world economic news, analyze global investment trends, provide daily market trend analysis, trading strategy guidance, professional investment consulting and services, and help you reach the peak of wealth management.

This article represents only personal opinions, is for reference only, and should not be used as a specific basis for operations. For more market analysis and strategy guidance, please follow the WeChat public account: Gu Yue KOL.

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