On the daily level, Bitcoin continues to close positively around 88,200, currently breaking the resistance at 86,500. The next resistance level is 88,500, with support at 86,500. If it breaks upwards, we can look at 91,500-93,000; if it breaks down, it may return to test the bottom around 84,000! Ethereum closed around 2,950, which is basically consistent with yesterday's analysis. This level is temporarily viewed as short-term resistance, and if it continues to rise, we can look at 3,030-3,150, with support at 2,850. If it breaks down, it may return to 2,750 to test the bottom!
On the 4-hour level, Bitcoin's current trend continues to show a steady upward posture. It has broken through yesterday's resistance of 87,500 and is testing the upper level of 89,000 before pulling back. If it continues to rise, it is expected to stand above 90,000-93,000, with support at 86,000-86,500. Ethereum is moving in sync, catching up with the rhythm. It has broken through yesterday's resistance of 2,850-2,880 and is testing the upper level of 2,980 before pulling back. If it continues to rise, it is expected to stand above 3,030-3,170, with support at 2,850-2,880!
Yesterday's analysis suggests that the bearish trend in the market should come to a temporary halt, recommending to go long at lower levels. Both Bitcoin and Ethereum have successfully reached the expected target for profit-taking, and this approach can continue moving forward!
Trading Strategy:
Go long on Bitcoin at 86,000-86,500, targeting 87,500-89,000, with a stop loss below 85,000;
Go long on Ethereum at 2,850-2,880, targeting 2,950-3,030, with a stop loss below 2,800;
The strategy is time-sensitive, and specific guidance should be based on real-time private advice!
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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