From the weekly perspective, with the help of significant positive news, Bitcoin has recently reached a new high near 82,000, with no resistance above. The saying goes, "In a bull market, there is no top." It's hard to predict how high this bullish trend can take Bitcoin. As for Ethereum, it has broken through the previously mentioned Fibonacci 50% level (2877) on the weekly chart, and it will inevitably move towards the 61.8% level (3350) next, with a resistance level at 3250 and a support level at 2877.
From the daily perspective, Bitcoin is on a continuous upward trend, and the bullish momentum is very strong, with no resistance above, only referencing the daily high (82,000). The support level is tentatively set at the 80,000 mark. Ethereum is also experiencing a rebound after several weeks of consolidating in the 2400-2700 range. Currently, the resistance level is around 3180-3200, with a support level tentatively at 3060-3100. There is still plenty of room for growth; if the 3180 level is successfully broken, we can look towards 3350!
From the 4-hour perspective, both Bitcoin and Ethereum are very strong, with minimal pullback after reaching new highs. Future operations can focus on going long near the support levels!
Trading strategy: Go long near the support levels!
Go long on Bitcoin at 80,000-80,500, targeting 81,500-83,000, with a stop loss below 79,500;
Go long on Ethereum at 3,110-3,130, targeting 3,200-3,250, with a stop loss below 3,080;
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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