Gu Yue: Bitcoin has once again broken its historical high. Will today bring a change and harvest the bulls?
Hello everyone, I am Gu Yue. The recent market can be described as rapidly changing. In a bull market, you never know where the top is. There's a saying, 'In a bull market, do not speak of a top.' Yesterday, Bitcoin created another historical moment, rising over 9,000 points in a day, an increase of over 10%. Although Ethereum did not perform as strongly as Bitcoin, it still rose by 280 points, reaching about 8%. Such increases are quite common in a bull market. There are many opportunities in a bull market, but I believe very few can seize them because the prices are already very high, making many hesitant to enter the market for fear of being caught at a high. This concern is quite reasonable, but we must not lose the courage to seize opportunities. A successful person must have the ability to withstand risks and also the ability to grasp opportunities. If everyone feels insufficient in capability, today I will guide you on how to mitigate risks and seize opportunities.
Currently, the highest price of Bitcoin was 89,800. After reaching this high yesterday, it started to gradually pull back today. We need to analyze whether the 89,800 position is at a top-bottom conversion level using candlesticks. From the daily analysis, if today's candlestick closes bearish and aligns with the bottom of yesterday's candlestick, it means that if it rose yesterday, it will fall back the same way today. This would form a double top structure, and once this structure is formed, the subsequent market could face a significant decline. This is a risk we need to consider. Here, I need to make a bold prediction: if it rose a certain amount yesterday, it will fall by the same amount today. Bitcoin is expected to drop to at least 81,000, or even below 80,000 USD. Currently, the 89,000 USD position is a resistance level; if it doesn't break, go short decisively.
From the current situation, Ethereum is facing resistance at 3,380. The overall trend is similar to Bitcoin. The hourly MACD red energy bars are gradually decreasing, and the four-hour bullish momentum is currently insufficient. However, there are no clear signals for a decline, so it is inferred that a short-term surge may occur during the day, followed by a drop in the evening. Since the resistance above is too close and there is insufficient space, we don't need to take the risk of going long. It would be better to wait for a surge before shorting to catch a waterfall and make a good profit.
Bitcoin enters the market in three phases. The first entry price is currently 88,000, the second entry price is 88,500, and the third entry price is 89,000. The first target is 83,000, the second target is 82,000, and the third target is 81,000. The limit is 80,000 USD. Everyone should allocate according to their personal situation.
Ethereum enters the market in three phases. The first entry price is currently 3,320, the second entry price is 3,350, and the third entry price is 3,380. The first target is 3,180, the second target is 3,140, and the third target is 3,100. Choose the timing and position ratio for entering the market based on your personal situation and profit by exiting on your own.
There are many types of investments, and choosing one that suits you is very important. There are many paths, and choosing the right guide is crucial. I am Gu Yue, interpreting world economic news, analyzing global investment trends, providing daily market analysis, and offering you the latest trading strategies and professional investment consulting services to help you reach the pinnacle of wealth management.
