Good evening everyone, I am Gu Yue. Tonight, Bitcoin and Ethereum have both fallen, with Bitcoin dropping to around $96,000 and Ethereum to about $2,630. Currently, we are at the bottom support level on the hourly chart, and there will be some fluctuations at the bottom as we go through a bottoming process. Therefore, we need to take more time when going long. The long and short game tonight will definitely be very intense, so we need to prepare in advance.
Technical Analysis
Currently, the MACD green energy bars for Bitcoin are gradually increasing, and we cannot rule out the possibility of further declines. However, the overall trend still favors the bulls, and we should not be misled by the current drop; it is merely a process of inducing shorts. The Bias three lines are gradually diverging, indicating that the market trend is slowing down, and we are starting to see signs of a bottom. Tonight, we will focus on going long at lower levels and prepare for additional positions.
Trading Suggestions
For Bitcoin, it is recommended to go long around $96,000 with a target of $98,000 for the long term, aiming for $100,000, and to add positions at $95,500.
For Ethereum, it is recommended to go long around $2,630 with a target of $2,700 for the long term, aiming for $2,800, and to add positions at $2,580.
There are many types of investments, and it is important to choose the one that suits you. There are many paths, and choosing the right guide is crucial. I, Gu Yue, interpret world economic news, analyze global investment trends, and provide daily market analysis to offer you the latest trading strategy ideas and professional investment consulting services to help you reach the peak of financial management.
This article only represents personal views and is for reference only. It should not be used as a basis for actual operations. Market conditions are unpredictable, and profits and losses are at your own risk. For the latest trading strategies, please follow the public account: Gu Yue KOL.
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