Currently, looking at the monthly chart, Bitcoin has risen to around 73880 after breaking the previous historical high of 69000. For nearly half a year, the trend has been characterized by high fluctuations and pullbacks, once retreating to the Fibonacci 61.8% level (51558). After confirming support with a second dip, it began to rebound, recently testing the previous high of 73880 again. The monthly chart has once again closed with a large bullish candlestick, but the body of the candlestick has not broken the previous high, so another pullback is inevitable unless there is a decisive news event that can change the trend;
The performance of Ethereum is even less satisfactory. Compared to Bitcoin's previous high of 73880, Ethereum is at least around 4000. However, since Ethereum fell below 3000, it has not been able to touch that level again. This month, Bitcoin has been so strong that it closed with a bearish continuation pattern, indicating that Ethereum is in a range-bound consolidation, oscillating between 2700 and 2400. Currently, two points need attention: the upper Fibonacci 50% (2877) and the lower 38.7% (2425). If it breaks these levels, one can enter a position!
On the daily chart, after Bitcoin touched the previous high of around 73800, it attempted to test the peak again but failed to hold and began to pull back, oscillating around the key support level of 71500. The second wave has broken down to the 69000 level, with current support at 69000-68000 and resistance at 70000-71000. If the daily close can break the 68000 level, the market will likely move down to the 66000-63000 area. Ethereum's recent performance has been relatively consistent, oscillating between 2700 and 2400, with pressure above and support below. If it breaks these levels, one can enter a position!
Looking at the 4-hour chart, both Bitcoin and Ethereum are in a state of pullback after a rise. The next support for Bitcoin is at 69000-68500, and if it breaks, look for 66000. For Ethereum, watch 2450, and if it breaks, look for 2400. Subsequent operations still suggest continuing to short aggressively, as the aggressive short positions given in the past few days have all successfully taken profit!
Operational strategy: Aggressive short!
Short Bitcoin at 69600-70000, target 78500-67500, stop loss above 70500;
Short Ethereum at 2520-2540, target 2460-2400, stop loss above 2580;
The strategy is time-sensitive, and specific guidance will be provided in real-time privately!
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 strategies!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
