Hello everyone, I am Gu Yue. Yesterday's decline came as expected, and our short position layout also perfectly stopped profit. Yesterday, Bitcoin fell to below $87,000. After Ethereum fell below $3,100 and hit bottom, the market reversed again and began to rebound. Currently, the price of Bitcoin has stabilized at around $88,000 and Ethereum has stabilized at around 3,070. Although it is still on the downward track, it has not broken the downward track and there is no way to enter the next stage of decline. The short-term market will still go up. At present, the Bollinger Bands have begun to gradually narrow and the bottom support is gradually moving upward. The MACD green energy column is gradually shrinking, and the red energy column is gradually increasing. The short position has begun to turn to the long position. The upper pressure of Ethereum is 3,180 and the pressure of Bitcoin is at 90,000 US dollars. We can see pressure in our short-term long position target.
Go long on Bitcoin around $88,000, with the target of $90,000 for profit and exit.
Long Ethereum around 3070, target $3160 for profit and exit
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