On the daily chart, Bitcoin tested the bottom at the 92000 level twice before rebounding and closing with a bullish candle. It is currently stabilizing above the 96000 level, with the current resistance at 99000. A breakout could lead to 100000-101000, with support at 97000-96000. Ethereum also rebounded after testing the 3200 level twice, stabilizing above 3400. The current resistance is at 3550-3600, with support at 3400-3350. Overall, the market is moving within a range, and the larger direction needs to be followed after the structure is established.
On the 4-hour chart, Bitcoin currently has resistance at 99000-99500 and support at 97500-97000. If it moves down, it will continue to operate within the range; if it moves up, the bulls will re-enter. For Ethereum, the resistance is at 3520-3550 and support at 3400-3350, similarly operating within a range structure. A breakout to the upside will also signal a re-entry for the bulls. Currently, it is at the high end of the range, and it is recommended to focus on short positions until a breakout occurs, with long positions as a secondary option.


Trading strategy: Focus on short positions!
Short Bitcoin at 98500-99000, targeting 97500-96000, with a stop loss above 100000;
Short Ethereum at 3450-3480, targeting 3400-3350, with a stop loss above 3550;
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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