Hello everyone, I am Gu Yue. The market has once again reversed, with Bitcoin breaking above $87,000 and Ethereum surpassing $2,070. The market is gradually strengthening. Currently, on the daily level, there has not yet been a breakout from the downward channel. The upper resistance of the downward channel is at $91,000, and the resistance above Ethereum is at $2,500. In terms of the current price, there is still a significant distance to the resistance levels. Long positions can still be held, and those who have not entered the market can choose an appropriate time to enter long positions.
Technical Analysis
Currently, the Bollinger Bands are starting to turn upwards, the MACD red energy bars are beginning to expand, the DIF line and DEA line have crossed above the zero axis, forming a golden cross and continuously diverging upwards. The KDJ has formed a golden cross, and various indicators are gradually signaling an upward trend. The moving averages are also starting to rise and continuously diverge upwards. It is recommended to focus on low long positions during the afternoon.
Trading Suggestions
Bitcoin: Go long at $87,000 with a target of $89,000.
Ethereum: Go long at $2,070 with a target of $2,150.
There are many types of investments, and it is important to choose what suits you best. 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 and professional investment consulting services to help you reach the peak of financial management.
This article represents personal views only and is for reference only. It should not be used as a basis for actual operations. The market is volatile, and profits and losses are self-responsible. For the latest trading strategies, follow the public account: Gu Yue KOL.
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