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Good morning everyone, I am Gu Yue. It is currently 4 AM, and the price of Bitcoin is around 104,700 USD while the price of Ether is around 2,530 USD. In the early morning, the market trend continues to break down, with Bitcoin breaking the 103,800 USD support and reaching a low of 103,300 USD, while Ethereum has broken the 2,480 USD support, reaching a low of 2,450 USD.
At present, the trend of Bitcoin and Ethereum fell to the lower Bollinger band and then bottomed out, from the perspective of trend structure, Bitcoin and Ethereum have reached the lower Bollinger band, the market is gradually running upward, the MACD green energy column is gradually shrinking, the trend is changing from short to long, KDJ forms a golden cross, the market will not be soaring in the short-term process, and the market will have a small decline in the rising process, Bitcoin is concerned about the $103,800 support line, and the ether is concerned about the $2,480 support line, If you fall to this support near this support in the early morning, you can boldly enter the market, and if you need to trade in the early morning, you can choose to increase your position multiple times.
Trading advice
Long Bitcoin in the range of 103800-104000 USD with a target of 106000 USD.
Long in the Ethereum range of 2480-2500 USD with a target of 2580 USD.
There are many types of investments, 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, I interpret global economic news, analyze major global investment trends, provide daily market trend analysis, and offer you the latest trading strategy ideas, along with professional investment consulting services, to help you reach the peak of financial management.
This article only represents personal opinions and is for reference only, not to be used as a basis for actual operations. Market conditions are volatile, and profits and losses are at your own risk #BTC# .