As mentioned earlier, the current market trend on the daily chart shows that Bitcoin has touched the previous high around 73800. Even if it breaks above the previous high, I believe it will still pull back to support to gather strength before breaking through again. Therefore, I expect a retracement to the support level of 71500-70000. The current market has moved as anticipated, pulling back to support before attempting to reach the peak again. The resistance level is still seen at the previous high of 73000-73800. Ethereum has shown a supplementary rise, and the current resistance level of 2700-2750 is still valid. After testing, it has fallen back again. If it stabilizes above 2700, we will continue to look for 2877, with the real momentum expected after 2877!
Looking at the 4-hour chart, both Bitcoin and Ethereum are in a situation where they have pulled back to support after a rise and are now attempting to reach the peak again. Currently, it seems that the bottom has not effectively broken. I still recommend continuing to short aggressively in the early morning operations. The aggressive short position given last night has also successfully taken profit!
Trading strategy: Aggressively short at the current price
Short Bitcoin at 72400-72800, target 71500-71000, stop loss above 73800;
Short Ethereum at 2690-2720, target 2650-2600, stop loss above 2750;
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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