Looking at the daily level, Bitcoin is expected to receive a bearish candle around 96,000. Yesterday, it broke the upper resistance level of 98,000, and the bullish trend steadily rose above 99,000, just a step away from the resistance level of 100,000. The opening of the US stock market caused a sharp drop of 500 points, leading the coin price to fall below 95,000. The current resistance level has returned to 96,000-96,500, with a support level at 95,000. Ethereum is expected to receive a bearish candle above 2,600. Last night, the bulls were testing the resistance level of 2,800, and it is currently still under pressure, falling back to around 2,600, with support at 2,600-2,550 and resistance at 2,660-2,730. If it breaks above, we look at 2,850-2,900; if it breaks below, we continue to look back at 2,550.
At the 4-hour level, Bitcoin was oscillating in the upper area above 98,000 last night, and if it stabilizes above 98,500, it can basically be declared as breaking out of the range. The next target is the 100,000 mark, followed by a pullback under pressure. The range structure remains valid. Ethereum is in a similar situation, oscillating in the upper area above 2,750 last night. If it stabilizes above 2,800, it can basically be declared as breaking out of the range, with the next target at 2,880. If it breaks, we can look at the 3,000 mark; however, if the breakout fails, the range structure remains valid.
The pullback long strategy laid out yesterday did not get executed before reaching the target area, so as the saying goes, "a blessing in disguise." Moving forward, we can continue to use the range structure for high selling and low buying!
Operational idea: Long at low levels!
Long Bitcoin at 95,000-95,500, target 96,500-97,500, with a stop loss below 94,000;
Long Ethereum at 2,610-2,630, target 2,700-2,750, with a stop loss below 2,570;
The strategy is time-sensitive, and specific guidance will be provided in private 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 operational ideas!
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