Currently, looking at the daily chart, Bitcoin is still under pressure at the 61500-62000 level, with support at the 58000-58500 level. After a sharp decline, it has formed a V-shaped rebound. Whether the bulls can start again can be temporarily observed based on the breakthrough at the 61500 level. Similarly, Ethereum is also under pressure at the 2700-2720 level, with support at 2550-2600. Whether the bulls can start again can be temporarily observed based on the breakthrough at the 2877 level. Once the short-term resistance is broken, it may reach around 2877. Looking at the 4-hour chart, both Bitcoin and Ethereum are in a phase of testing the upper and lower levels. In the short term, it is still recommended to trade short-term by selling high and buying low, and to follow the trend when a trend emerges!

Yesterday, the strategy was also to sell high and buy low. The market has experienced a back-and-forth oscillation, and the Ethereum short position has been closed for profit once. Currently, the market has provided another entry position, and it can continue to enter a short position based on the resistance level!

Operation strategy: Sell high and buy low!

For Bitcoin, go short at 61500-62000, with a target of 60000-58500 and a stop loss above 62500; go long at 58000-58500, with a target of 60000-61500.

For Ethereum, go short at 2700-2730, with a target of 2600-2550 and a stop loss above 2750; go long at 2600-2630, with a target of 2700-2750.

The strategy is time-sensitive, and specific real-time guidance is the main focus!

Ruo Yu, a professional analyst from the gold medal team, focuses on contract trading guidance. Follow the WeChat public account "币圈若渝" to understand real-time market analysis and operation strategies!

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