Bitcoin and Ethereum have experienced a deeper-than-expected correction. Here is the subsequent trend analysis and operational ideas!

CN
4 hours ago

On the 4-hour chart, Bitcoin is currently experiencing a pullback after a surge. I have previously reminded that we need to pay attention to the strength of the pullback after the high. The key levels are 96000-92500-90000. The current pullback has broken the 96000 level and has tested the 92500 level once, and it is now hovering nearby. Therefore, we need to focus on the support at the 92500 level. If it continues to break down, Bitcoin is likely to retrace to around the 90000 mark. Ethereum has already retraced to the 3300-3280 level on the 4-hour chart. According to the concept of support and resistance, as long as the previous range peak at 3150-3200 is not broken, the bullish trend remains unchanged. The recent pullback was also a new round of upward movement after testing the support at 3280-3300. The short-term resistance is at 3350-3400!

The real-time short position strategy provided during the day has successfully taken profit for both Bitcoin and Ethereum. This wave of short positions was also very perfect. The focus going forward is on the 92000-3300 level. If it breaks down, it will continue to fall to 90000-89000, and the 3200-3150 level;

Operational strategy: Currently near the support level, aggressive positioning for a low long!

Long Bitcoin at 91500-92000, target 93500-94500, stop loss below 91000;

Long Ethereum at 3280-3310, target 3380-3450, stop loss below 3250;

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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