Gu Yue: Bitcoin hits new highs again, the $100,000 mark is within reach, continue to buy on dips during the afternoon
Hello everyone, I am Gu Yue. Bitcoin has reached new highs again, with the current price approaching $98,000. However, Ethereum hasn't changed much. When Bitcoin was at $60,000, Ethereum was at $3,000. Now that Bitcoin is close to $100,000, Ethereum is still at $3,000. Therefore, there is still considerable room for Ethereum to catch up later. From the current trend, the pullback strength is relatively small, and the upward trend is strong. Most of the market funds are flowing into Bitcoin, leading to a relatively weak Ethereum.
On the four-hour chart, the MACD green energy bars are gradually shrinking, the KDJ is forming a golden cross, and the DIF line is about to cross above the DEA line to form a golden cross, indicating that an upward trend is gradually forming. In the afternoon, Bitcoin is expected to rise significantly, but there may be a pullback. However, the pullback will not be large, similar for Ethereum. Bitcoin's support to watch is around $96,500, while Ethereum’s support is around $3,100. If the afternoon pullback approaches the support levels, we can continue to enter long positions for profit.
Bitcoin: It is recommended to buy near $96,500 with a target of $98,000-$98,500 for profit taking.
Ethereum: It is recommended to buy near $3,100 with a target of $3,160-$3,200 for profit taking.
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, interpreting world economic news, analyzing global investment trends, providing daily market analysis, and offering you the latest trading strategy ideas and professional investment consulting services to help you reach the peak of wealth management.
This article only represents personal views 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 your own responsibility. For the latest trading strategies, follow the public account: Gu Yue KOL
