Good afternoon, everyone. I am Gu Yue. The strategic target positions given by me last night have been reached. Bitcoin has risen by more than 3,000 points. Ethereum has only risen by about 100 points. The increase of Bitcoin has exceeded the target I gave. Ethereum has reached it perfectly. After a short rise, it has once again ushered in a retracement. Many people may not know how to operate this wave of retracement. Then I will briefly analyze the current market trend and show you a way.
First, let's look at Bitcoin's highest rise to 58,000 points. It has now retreated to the middle track of the hourly Bollinger band at around 56,000 points. The middle track support is still strong. It is difficult to form a step-down without breaking through 56,000 in a short time. At present, KDJ has formed a dead cross, and the MACD green energy column has gradually increased in volume, which are all signals of a decline, but the support has not broken. We should not enter the short position at this time. On the contrary, we can go long around the support.
Ethereum's support line is broken at 2340, and its trend is consistent with Bitcoin, so when we need to operate, it is best for Bitcoin and Ethereum to keep the same direction. The short-term decline does not prove the reversal of the market, but only gives the bulls time to accumulate power. We cannot blindly follow up when trading. Sometimes the signals given by the indicators are not so accurate. We need to consider many aspects to increase the winning rate.
Strategy suggestions:
Bitcoin 56000-56500 range can be long with a small position and the target is 58000 to make a profit and exit by yourself
Ethereum 2330-2340 range can be long with a small position and the target is 3400 to make a profit and exit by yourself.
There are countless choices in investment management on the long road of life, but there are only a few critical steps. Different choices may determine our different life paths. I interpret the world economic news, analyze the global investment trends, analyze the daily market trends, and provide guidance on trading strategies and skills. I provide professional investment consulting and services to help you reach the peak of financial management. #BTC☀ #ETH🔥🔥🔥🔥