Gu Yue: Is the current fluctuation and decline a consolidation in a bull market, or the arrival of a bear market?

CN
谷月
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1 year ago

Hello everyone, I am analyst Gu Yue, who has been deeply involved in the coin circle for seven years. I advocate a prudent approach to trading in order to achieve stable returns. By analyzing the current market with a professional perspective and grasping the current trend, I avoid being a Monday morning quarterback and only act as a vanguard in the market.

Hello everyone, it's been a while. I have been quite busy recently and haven't had time to update my articles. Many fans have messaged me asking for updates. Although I haven't updated my articles, I have been continuously paying attention to the market. Since March, the market has been in a trend of oscillation and decline. In May, it dropped to below $56,000, and now it has rebounded to above $62,000. Overall, the rebound has been relatively short-lived, and the overall trend is still downward. From the daily chart perspective, each high is lower than the previous one, and each low is also lower than the previous one, showing a pattern of wave-like decline. Currently, $65,000 is the upper resistance in the near term. It will be difficult to form an effective upward movement without breaking through this level. After a brief decline yesterday, a short-term support has been formed at the bottom. Let's make a prediction for the midday market: it will rise first and then fall.

Short Bitcoin at 63,500-64,000, with a target of 61,500-60,500. Take profits and exit at your own discretion.

Short Ethereum at 3,060-3,090, with a target of 3,000-2,980. Take profits and exit at your own discretion.

In the long journey of life, there are countless investment choices, but only a few critical steps. Different choices may determine different paths in our lives. I interpret world economic news, analyze global investment trends, provide daily market trend analysis, trading strategy guidance, professional investment consulting and services, and help you reach the peak of wealth management.

This article represents only personal opinions and is for reference only. It should not be used as a specific basis for operation. For more market analysis and strategy guidance, follow the WeChat public account: Gu Yue KOL.

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