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Gu Jingci: Take profit on long positions in Bitcoin/Ethereum on the pullback of 2.3, and continue to go long on pullbacks.

2026-02-03 06:43:00
Shareshare
Bitcoin/Ethereum trades initiated at 2280 and 77600 last night saw a surge to 79300 and 2395 respectively overnight. This morning, further long positions were initiated at 2290 and 77800, pushing the price up to around 79000 and 2355, respectively, resulting in gains of over 2900 points and 170 points. Currently, the market is experiencing some consolidation and pullback during the daytime session, but the downward momentum has eased. The daily chart, after several consecutive days of declines, closed with a long lower shadow bullish candle yesterday, indicating a slight easing of the downtrend. The RSI indicator is turning upwards from the oversold zone, and the 4-hour MACD indicator shows increasing momentum with the stochastic oscillator diverging upwards, suggesting a potential rebound. However, the hourly RSI indicator is in the overbought zone, suggesting a possible slight pullback during the rebound. As mentioned last night, for Ethereum, the immediate focus is on the 2400 and 2550 levels as short-term resistance; a break above these levels would target 2700 to 2750. Trading recommendations: Continue to buy Bitcoin around 77700-78200, with a target of 80000-82000. Continue to buy Ethereum around 2290-2310, with a target of 2400-2450. The medium-to-long-term outlook remains unchanged at 84000 and above 2700.
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