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Gu Jingci: Near the key nodes of 1.31 Bitcoin/Ethereum, the bullish outlook remains unchanged.
Yesterday, Bitcoin/Ethereum repeatedly retraced and set up long positions. The market opened around 81,200 and 2,700 in the early session, but after 24 hours, Bitcoin rose by 3,000 points while the altcoin remained stagnant. Recently, Bitcoin and Ethereum have been heavily affected by macroeconomic bearish factors, leading to significant price declines and heightened market panic. The short-term trend is bearish, but since the stochastic indicator has entered the oversold zone, a rebound correction is expected. Currently, at around 83,500 and 2,690, entering long positions is no problem. If not now, are we waiting until 90,000 and 3,000 to go long?
The market is generally bearish, with some even expecting a drop to around 60,000 and 2,000. The trend is indeed weak, but there's no need to be overly bearish. On the daily chart, support below the altcoin is near the previous low of 2,620, and the weekly candlestick support is around 2,550. These levels are not far from the current position. With proper position management, look for a phased bullish rally. Buy on dips, sell on rallies. When the market is generally bearish, patiently wait for opportunities to rebound and push higher.
Trading suggestions: Continue to look for bullish opportunities around 83,000 to 83,500 for Bitcoin, with targets near 85,500 to 87,000; for Ethereum, continue to look for bullish opportunities around 2,665 to 2,685, with targets near 2,770 to 2,850. The medium- and long-term targets of 93,000 and 3,200 remain unchanged.
Daily analysis and strategy have a high success rate, and can be referenced. Analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication are not real-time; please refer to actual market conditions! #贵金属行情下跌 #GateLive直播挖矿公测开启 # Cryptocurrency market correction