Good morning everyone, I am Gu Yue. It is currently 4 AM, and the price of Bitcoin is around $104,700, while Ethereum is around $2,530. The market trend has been continuously breaking down, with Bitcoin breaking the support at $103,800 and reaching a low of $103,300, while Ethereum fell below the support at $2,480, reaching a low of $2,450.
Currently, after Bitcoin and Ethereum have dropped to the lower Bollinger Band, they have rebounded from the bottom. From the trend structure, both Bitcoin and Ethereum have reached the lower Bollinger Band, and the market is gradually moving upwards. The MACD green energy bars are gradually decreasing, indicating a shift from bearish to bullish. The KDJ has formed a golden cross. In the short term, the market will not rise straight up; there will be a slight decline during the upward process. Bitcoin should focus on the support line at $103,800, while Ethereum should focus on the support line at $2,480. If the price drops near these support levels in the early morning, it is a good opportunity to enter long positions. For trading in the early morning, consider using a method of multiple small incremental positions.
Trading Suggestions
Go long in the $103,800-$104,000 range for Bitcoin, targeting $106,000.
Go long in the $2,480-$2,500 range for Ethereum, targeting $2,580.
There are many types of investments, and it is important to choose what suits you best. There are many paths, and choosing the right guide is crucial. I am Gu Yue, interpreting world economic news, analyzing global investment trends, and providing 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. Market conditions 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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