From the daily perspective, Bitcoin has retraced to the support level around 91,500 and has started to push up again. It has basically stabilized above 96,000, with short-term support expected at this level. The resistance levels are between 97,500 and 98,000. If it can continue to break upwards, there is a high probability that it will reach the 100,000 mark. Ethereum's recent performance has been relatively strong, with a minor retracement only down to around 3,550 before starting to rise again. Current support is at 3,650, and resistance is between 3,750 and 3,800.
From the 4-hour perspective, Bitcoin has shown a very typical pattern of rising again after a pullback to support. It is currently in a good upward posture, with support levels continuously moving up. For the short term, support is seen at 96,000 to 96,500, and resistance is between 98,000 and 98,500. Ethereum has been moving sideways instead of dropping; after the previous resistance level of 3,650 turned into support, it has not gone below that level, essentially remaining in a sideways consolidation, with resistance at 3,750 to 3,800.
After a short-term pullback, the market is rising again, and it is expected to continue breaking through. The strategy is to focus on buying low!
Trading strategy: Focus on buying low!
Buy Bitcoin at 96,500-97,000, with a target of 98,500-100,000, and a stop loss below 95,500;
Buy Ethereum at 3,650-3,680, with a target of 3,750-3,800, and a stop loss below 3,620;
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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