The daily level of Bitcoin continues to decline with consecutive bearish candles. The previously mentioned critical point for bulls and bears at the 96000 line has now been broken. According to the principle of support and resistance reversal, 96000 can now become a resistance level. After testing yesterday, it was unable to stabilize above this level. The support below still looks at the 92000-90000 line. Ethereum's movement is slightly different; after testing the support at the 3200 line yesterday, it rebounded to the 3400 line, with resistance at 3420 and support still at the 3200 line.

Looking at the 4-hour level, Bitcoin currently has resistance above at 95000-96000 and support below at 93000-92000. For Ethereum, the resistance above is at 3420-3520 and support below at 3350-3280. After the market's decline, the overall rebound strength is not very strong. The short strategy near the resistance level successfully took profit yesterday, and further downward movement is expected. The operation can focus on short positions, with some long positions as a supplement.

Operation strategy: Focus on short positions!

Short Bitcoin at 94500-95000, target 93500-92500, stop loss above 96000;

Short Ethereum at 3420-3450, target 3350-3250, stop loss above 3480;

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 operational strategies!

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