The daily chart of Bitcoin shows a steady climbing trend, consolidating after an increase and then breaking through again, continuously setting new highs with a very clear rhythm. The current resistance level is around 108,000, with support at the 105,000-106,000 range. As long as the current position does not break, the pullback trend will not be too significant. Ethereum is closely following Bitcoin's pace, but the upper resistance level at 4,000 is currently facing obstacles again, with support at the 3,850-3,900 range. If it breaks above, the short-term target is 4,100, and the long-term target is 4,800.
On the 4-hour chart, Bitcoin is currently in a phase of pulling back after a high, just touching the lower support at 106,000 before rebounding again. This area can be seen as short-term support; if it does not break, we won't discuss a deep pullback. The expected upper position is 110,000. Ethereum is currently facing resistance at the 4,000-4,020 range, with a pullback also reaching the 3,900 range. As long as the support at 3,850-3,900 does not break, we continue to look bullish. The current market trend is very strong, and any pullback is an opportunity to enter. It is expected to continue moving upward, with a focus on low long positions. If new highs are not broken, aggressive short positions can be taken!
Trading strategy: Focus on low long positions, short if new highs are not broken!
Long Bitcoin at 105,500-106,000, target 107,000-108,500, with a stop loss below 104,500; short at 108,000-108,500, target 107,000-106,000;
Long Ethereum at 3,890-3,920, target 4,020-4,100, with a stop loss below 3,850; short at 4,060-4,080, target 3,950-3,900;
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 trading strategies!
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