Gu Jingci: Bitcoin/Ethereum Trend Channel Holds Support, Bullish Outlook Remains Firm

Bitcoin/Ethereum previously mapped out a trend channel downtrend, forecasting a drop to the 2080 and 69000 levels. Although there were minor deviations, the overall trend was accurate. Yesterday morning we also reminded to exit all short positions, followed by pullback consolidation for longs. Just now we reminded again that the market has returned to the support zone below the eight-hour trend channel. Without an effective breakdown, we directly maintain a bullish outlook, and holders of long positions should patiently wait for the upside move.

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