Hello everyone, I am Gu Yue. Recently, the market has been full of ups and downs. First, Ethereum rose from around 2150 to about 2700, while Bitcoin increased from 52500 to around 66500 before hitting a peak and falling back. Ethereum then dropped again to around 2300, and Bitcoin fell to around 59000. From the daily chart perspective, the candlestick pattern has formed a Morning Star, indicating a clear bullish formation. Currently, a stepwise upward trend is forming, but this will be accompanied by a period of volatility. Currently, 62000 serves as strong support, and Ethereum at 2400 is also at strong support. If this support level holds, it will be difficult for the market to form an effective downward trend, so everyone needs to be particularly cautious when choosing to short.

Last night, after Ethereum rose to around 2520, the market again fell to test the bottom support level. There has been no breakout, and it is currently hovering around 2400. If this position does not break through successfully today, the subsequent upward momentum will accelerate. Many analysts say that the stock market is performing very well, and it is likely that funds will flow out of the crypto market, leading to a significant market decline. To this speculation, I can only say that there is no logic to it. Those who trade cryptocurrencies do so day and night; how can they be bound by time? What we pursue is freedom and infinite possibilities. The crypto market is even more attractive, as one can earn in a day what the stock market might take ten years to achieve. The crypto market is never short of miracles.

For Ethereum, I suggest going long around 2400, with a target of 2480-2500 and a long-term view of 2700, with profits to be taken at your discretion.

For Bitcoin, I suggest going long around 62000, with a target of 64500-65000 and a long-term view of 67000, with profits to 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 life paths for us. I interpret global economic news, analyze global investment trends, provide daily market analysis, trading strategy guidance, and offer professional investment consulting and services to help you reach the pinnacle of financial management.

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