On the weekly level, Bitcoin continues to close with bullish candles near 93,500, and the bullish trend remains strong. The resistance level is referenced at the previous high of 93,500, with support at the 90,000 mark. Ethereum's weekly chart shows a pin bar bearish candle, with resistance at 3,180-3,260 and support at 3,080;
On the daily level, after Bitcoin's first bearish close, a certain pullback or sideways consolidation is expected. Currently, the pullback strength is not significant, mainly showing sideways movement instead of a decline, with the range referenced at 92,000-87,000. The resistance level is 92,000, and support is at 90,000-88,500-87,000. Ethereum's pullback strength is relatively greater than Bitcoin's, with current support still referenced at 3,000-3,050, resistance at 3,150-3,180, and if broken, it will continue to look towards the 3,250-3,350 range!
On the 4-hour level, the pullback and consolidation range for Bitcoin and Ethereum is quite clear. As long as the support below holds, the pullback will not have continuity. After the subsequent consolidation, a new round of upward movement will begin, and it is still recommended to focus on long positions at lower levels!
Trading strategy: Long positions at lower levels!
Long Bitcoin at 90,000-90,500, with a target of 91,500-92,500, and a stop loss below 89,500;
Long Ethereum at 3,100-3,130, with a target of 3,180-3,250, and a stop loss below 3,080;
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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