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Gu Jingci: Bitcoin/Ethereum experienced a sharp drop in the early morning, but the market is expected to continue its rebound.

2026-01-31 00:57:38
Shareshare
During the daytime session, we repeatedly placed long orders for Bitcoin between 81,000 and 81,500, and continued to enter long positions between 82,000 and 82,500. The price rallied multiple times to above 83,500 and is currently above 84,000. For Ethereum, we repeatedly entered long positions near 2700 and 2720. A recent dip to around 2635 almost hit our stop-loss at 2620, so we added to our positions near 2650, averaging down to around 2690. The 2620 level is also the previous daily low mentioned during the daytime session, with further support at the 2550 level (weekly candlestick). The current market has seen a downward spike followed by a long lower shadow and a bullish close, indicating a trend reversal on the four-hour chart. The market is expected to continue its rebound and upward movement. For a more conservative approach, take profits at the current price of 84300 and 2755. If there is a pullback in the early morning, consider going long again around 83000 to 83500, with a target of 85000 to 86000. For Ethereum, consider going long again around 2700 to 2720, with a target of 2800 to 2900.
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