On the daily level, Bitcoin has found a bottom and closed with a bearish candle above 96,000. This position can be seen as the dividing line between bulls and bears in this round. The daily chart has touched this level multiple times without breaking down, proving that the support here is still very strong. Currently, the short-term resistance for the market rebound is seen at 99,000-99,500, with support at 97,500-97,000. Ethereum also has two consecutive bearish candles on the daily chart, having found a bottom at 3,550 and closing above 3,600. This position has also been mentioned multiple times before as an ideal spot to set up long positions, and can also be viewed as the short-term dividing line for Ethereum. Currently, the resistance for the market rebound is seen at 3,780-3,830, with support at 3,650-3,700.
On the 4-hour level, it is clear that Bitcoin's recent pullback touched the bottom around 95,000 before starting to rebound. The short-term resistance is at 99,500, and if it breaks through, it will continue to rise towards 101,500. The short-term support is at 97,000-97,500. Ethereum also clearly rebounded after touching the bottom at 3,550, with short-term resistance at 3,750-3,780, and if it breaks through, it will rise towards 3,850-3,900, with support at 3,650-3,600.
The market has once again tested key support, and it is expected to continue breaking through. The operation strategy should focus on going long at lower prices!
Operation strategy: Focus on going long at lower prices!
Currently, go long on Bitcoin at 98,500-99,000, with a target of 99,500-101,000, and a stop loss below 97,500;
Currently, go long on Ethereum at 3,710-3,740, with a target of 3,800-3,850, and a stop loss below 3,680;
The strategy is time-sensitive, and specific guidance will be provided in private real-time!
Professional team gold medal analyst Ruo Yu focuses on contract trading guidance. Follow the WeChat public account "Coin Circle Ruo Yu" to understand real-time market analysis and operation strategies!
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