From the weekly perspective, Bitcoin has closed a bullish candle above the 100,000 mark. Currently, although it is experiencing fluctuations and corrections, the intensity is not significant. The important weekly support is at the 98,000-97,000 range; as long as this level holds, the trend remains unchanged. Ethereum also closed a bullish candle on the weekly chart, touching the 4,100 level before fluctuating back down, with similar low intensity. The weekly support is at the 3,880-3,900 range!
On the daily chart, Bitcoin continues to close bullish candles. Overall, the trend shows a steady upward movement, with support at 98,500-97,500 and resistance at 101,000. Ethereum is currently consolidating after reaching a peak, with the downward fluctuation not being significant. The support is at the 3,880-3,900 range, and the resistance is at the 4,050-4,100 range!
From the 4-hour perspective, Bitcoin clearly shows a range of sideways fluctuations, with tests on both sides but no continuation yet. The lower reference is at 98,000-98,500, and the upper reference is at 102,000-103,000. Ethereum is currently fluctuating back down to the support level of 3,880-3,900, with resistance at 4,070-4,100.
The previous long position strategy has successfully played out, with Bitcoin successfully standing above the 100,000 mark and Ethereum above the 4,000 mark. It is expected that there will be further breakthroughs, and the operation should focus on low long positions!
Operation strategy: Focus on low long positions!
Currently, go long on Bitcoin at 99,000-99,500, targeting 101,000-103,000, with a stop loss below 98,000;
Currently, go long on Ethereum at 3,880-3,910, targeting 4,050-4,100, with a stop loss below 3,800;
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 operation strategies!
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