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Hello everyone, I am Gu Yue. During the midday break, I will analyze the current market situation of Bitcoin and Ethereum. Bitcoin and Ethereum briefly fell and touched the support two days ago before rebounding again. Currently, the first support level for Bitcoin is $96,000 and the second support is $93,000. For Ether, the first support is $1,750 and the second support is $1,850, with the support levels gradually rising. Currently, Bitcoin has broken through $99,000 and Ether has broken through $1,900. The upward momentum is gradually weakening, and the market is slowly moving from high to low. I suggest focusing on short positions during midday.
Technical Analysis
The hourly K-line has broken through the upper Bollinger Band. After a brief stretch in the morning, the market gradually stabilized, and the upward momentum weakened to fill the gap. The midday market will definitely move from high to low. The morning performance was quite unusual, with a sudden increase that came without any warning. The market has been running at a high level for a long time and cannot continue to break upward, so it will definitely pull back down to continue gathering strength. In the midday, patiently wait for the market to pull back.
Bitcoin is advised to short in the range of 99,200-99,500 USD with a target of 96,000 USD.
Ether suggests shorting in the range of 1910-1930 USD with a target of 1850 USD.
There are many types of investment, 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 am Gu Yue, personally interpreting world economic news, analyzing global investment trends, providing daily market trend analysis, and offering you the latest trading strategy ideas and professional investment consulting services to help you reach the peak of financial management.