On the daily chart, Bitcoin has formed a bottom support level between 89000-90000 after several days of consolidation. During this period, the support has been gradually moving up. Currently, the short-term support is around 91000-91500, with resistance at 92500-93000. Yesterday, it was expected that the market would continue to test the previous high of 93500, and the high has now been refreshed to around 94000. Ethereum continues to maintain its fluctuations, with a relatively regular range. The current support is still around 3000-3050, and the resistance is at 3150-3200. A breakout would target 3250-3350, while a drop below 3000 would necessitate looking down towards the key support near 2877!
On the 4-hour chart, Bitcoin's fluctuation range continues to gradually narrow and move upwards. The short-term resistance level of 92500 has been broken, and attention should now be paid to the situation around 93500-94000. On the downside, support is at 91500-90000. If it goes down, it will likely test the bottom again at around 90000. One can directly enter trades as the price moves up or down. Ethereum's 4-hour range is also relatively regular, with reference points at 3200-3050. Similarly, if it continues upwards, it could reach 3350, while a downward continuation would need to break the support at 3000!
Trading strategy: The low-position long position from yesterday was not executed, but the trend judgment was correct. Today, the entry position can be adjusted to continue buying low!
Buy Bitcoin at 91000-91500, target 92500-94000, with a stop loss below 90500;
Buy Ethereum at 3040-3070, target 3120-3200, with a stop loss below 3000;
The strategy is time-sensitive, and specific guidance will be provided privately 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 trading strategies!
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