On the daily chart, Bitcoin has formed a bottom support level between 89000-90000 after several days of consolidation. During this period, the support has been gradually moving up, and it has now broken through the previous high to around 98500, just a step away from 100000. The short-term support is referenced at 97000-96000, with resistance at around 98000. Yesterday, it was expected that the market would continue to rise to around 94000, but unfortunately, the long position could not be entered. Ethereum continues to maintain its consolidation, with a relatively regular range. The current support is still referenced at 3000-3050, and the resistance is at 3150-3200. A breakout would lead to a target of 3250-3350, while a drop below 3000 would require a downward view towards the key support near 2877!
On the 4-hour chart, Bitcoin has currently broken through the consolidation range and is gradually moving up. There is no resistance above, so the focus should be on the situation around 92500-93000. As long as it does not break this level on a pullback, the bullish trend remains strong. Ethereum's 4-hour range is also relatively regular, referenced at 3200-3050, similarly extending to 3350 above, while below it needs to break the support at 3000!
Trading strategy: Yesterday, the low-position long Bitcoin could not be entered, but the trend judgment was correct. Today, the entry position can be adjusted to continue to go long at low positions. Ethereum basically aligns with this thought process, and once the target is reached, it can be safely taken for profit, with a focus on continuing to go long at low positions!
Long Bitcoin at 96500-97000, target 98500-100000, stop loss below 96000;
Long Ethereum at 3100-3130, target 3180-3220, stop loss below 3070;
The strategy is time-sensitive, and specific guidance will be provided privately in 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 ideas!
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