Hello, everyone, I am analyst Gu Yue, who has been deeply involved in the coin circle for seven years. I respect a prudent operation, believing that only with a stable trading concept can there be stable returns. I analyze the current market with a professional perspective, grasp the current trend, and avoid being a Monday morning quarterback in the market, only acting as a vanguard in the market.

After the breakthrough of historical highs, the market has once again changed. This unexpected decline may have caught many people off guard. The price of Bitcoin dropped from around 73800 to near 64500, a decrease of about 9000 points. Many friends who went long at high levels were forced to liquidate their positions. Ethereum also dropped from around 4080 to a low of 3400 yesterday, a drop of over 600 points. This rapid decline in less than a week may not necessarily mean the end of the bull market. I can clearly tell everyone that this decline is not the end of the bull market, but a technical pullback in the upward process. This also provides a good opportunity for our long-term layout. From the daily chart perspective, the Bollinger Bands' lower track is gradually moving up, and the support continues to rise. The bottom support for Ethereum is around 3500, and the bottom support for Bitcoin is around 65000. It is time to consider positioning for spot or long-term trading.

Long Ethereum at 3580-3600, with a target of 3680-3750-3800. Profit can be taken at your discretion.

Long Bitcoin at 67500-67800, with a target of 68800-69500-70000. Profit can be taken at your discretion.

In the long journey of life, there are countless investment choices, but only a few crucial 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 operation. For more market analysis and strategy guidance, please follow the WeChat public account: Gu Yue KOL.

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