Good morning everyone, I am Gu Yue. Yesterday, the Bitcoin long position successfully took profit at $84,000 again. Ethereum has not fluctuated much and is still hovering around $1,900. In terms of the current trend, the market is gradually rising, breaking the downward channel on the hourly chart. After touching the lower boundary of the downward channel on the daily chart, the market has gradually reversed from a decline to an upward trend. This week, Bitcoin is expected to return above $90,000 again. In the morning, it is recommended to focus on low long positions while waiting for further increases.
Technical Analysis
Currently, the upper and lower bands of the Bollinger Bands on the hourly chart are about 3,000 points apart. The short-term market is still maintaining a range-bound fluctuation, with the fluctuation range around $81,000 to $84,000. It is currently moving up to the upper band of the Bollinger Bands on the hourly chart, facing pressure. In the short term, there will be a slight pullback in the morning, so pay attention to the area around $83,000. The MACD on the four-hour chart shows that the red energy bars are gradually increasing, and the mid-level support is also gradually rising. In the morning, it is recommended to focus on going long after the pullback.
Trading Suggestions
Go long on Bitcoin around $83,000 with a target of $84,000-$84,500.
For Ethereum, it is recommended to go long around $1,900 with a target of $1,980-$2,000.
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 changes are unpredictable, and profits and losses are at your own risk. For the latest trading strategies, follow the public account: Gu Yue KOL.
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