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Gu Yue: As long as the support for the decline holds, a rebound will eventually come, and the long positions will finally have a chance to break even.

CN
谷月
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1 year ago
AI summarizes in 5 seconds.

Hello everyone, I am Gu Yue. The market correction can be said to come one after another, and many people have suffered from it, including myself. Whether in spot or futures, we are all in a state of loss. In such a market, analysts are also losing, let alone retail investors. Of course, the market is always full of opportunities, and we always need to find ways to earn back what we have lost. Currently, the market is in a downtrend, but it is at the support position of the lower price channel. The strength is not enough to break downwards, so the market is bound to welcome a significant rebound. Currently, Bitcoin's price is stabilizing around $96,000, and Ethereum is stabilizing around $3,680. Both are supported by the lower Bollinger Band. When support is not broken, a rebound will eventually occur, and those who are stuck in long positions will eventually have the opportunity to break free.

For Bitcoin, it is recommended to go long around $96,000, with a target of $99,000.

For Ethereum, it is recommended to go long around $3,680, with a target of $3,800.

There are many types of investments, and it is important to choose the one that suits you. There are many paths, and it is crucial to choose the right guide. I, Gu Yue, interpret world economic news, analyze global investment trends, and provide daily market analysis to offer you the latest trading strategy ideas, professional investment consulting services, and help you reach the peak of financial management.

This article only represents personal opinions 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 self-responsible. For the latest trading strategies, please follow the public account: Gu Yue KOL.

Scan the QR code below to follow the public account for the latest consultations.

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Selected Articles by 谷月

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Gu Yue KOL: Bitcoin has rebounded strongly; can it continue to rise in the future?
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